Shutterstock.com_2449868129/Catarina Belova

31 July 2026Insurance

Axa grows despite softer markets on mix shift and pricing defence

Global re/insurance group Axa grew its P&C business by 3% in the first half of 2026 balancing growth in personal lines and SME/mid-market commercial against caution in large-cap commercial and reinsurance housed in Axa XL. Margins ended H1 largely flat.

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