AXA France's settlement offer to restaurants - Group impact
In the context of continuing judicial uncertainty, AXA France announced today
thelaunch of a settlement offer to 15,000 restaurant owners whoholdnon-damage
AXA estimates the cost of these settlementsto be ca. Euro 0.3 billion, gross of
tax and before reinsurance. The cost of the settlements, net of tax and after
reinsurance, is expected to be offset by favorable developments in 2021 related
to Covid-19, in France and Europe.
For additional details please refer to the press releaseissued today by AXA
ABOUT THE AXA GROUP
The AXA Group is a worldwide leader in insurance and asset management, with
153,000 empl oyees serving 105 million clients in 54 countries. In 2020, IFRS
revenues amounted to Euro 96.7 billion and underlying earnings to Euro 4.3
billion. AXA had Euro 1,032 billion in assets under management as of December
The AXA ordinary share is listed on compartment A of Euronext Paris under the
ticker symbol CS (ISN FR 0000120628 - Bloomberg: CS FP - Reuters: AXAF.PA).
AXA's American Depository Share is also quoted on the OTC QX platform under the
ticker symbol AXAHY.
The AXA Group is included in the main international SRI indexes, such as Dow
Jones Sustainability Index (DJSI) and FTSE4GOOD.
It is a founding member of the UN Environment Programme's Finance Initiative
(UNEP FI) Principles for Sustainable Insurance and a signatory of the UN
Principles for Responsible Investment.
This press release and the regulated information made public by AXA pursuant to
article L. 451-1-2 of the French Monetary and Financial Code and articles 222-1
et seq. of the Autorité des marchés financiers' General Regulation are
available on the AXA Group website (axa.com).
THIS PRESS RELEASE IS AVAILABLE ON THE AXA GROUP WEBSITE axa.com
SRI ratings: axa.com/en/investor/sri-ratings-ethical-indexes
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Factors and Risk Management" of AXA's Universal Registration Document for the
year ended December 31, 2020 (the "2020 Universal Registration Document") for a
description of certain important factors, risks and uncertainties that may
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any of these forward-looking statements, whether to reflect new information,
future events or circumstances or otherwise, except as required by applicable
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