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AXA ● Ľ • Solvency II ratio² at 214 % , up 2pts vs 1H21 Total revenues¹ increased by 7 % , to Euro 76.0 billion : o / w P & C Commercial lines revenues up 7 % to Euro 25.5 billion o / w Health revenues up 4 % to Euro 11.5 billion o / w L & S revenues up 12 % to Euro 24.5 billion o / w Asset Management revenues up 17 % to Euro 1.1 billion " AXA continued to deliver an excellent performance in the first nine months of 2021 " , said Alban de Mailly Nesle , Chief Financial Officer of AXA . “ Revenues increased overall by 7 % , with all business lines and geographies contributing to this strong growth . " Press release " In Life & Savings , revenues grew by 12 % with continued focus on a high quality business mix . Growth dynamics remained strong in P & C Commercial lines , up 7 % , benefiting from a favorable pricing environment , notably at AXA XL . In Asset Management , AXA IM had another very good quarter in both Core and Alts , and grew revenues by 17 % in the first nine months . " " The Group's Solvency II ratio further strengthened to 214 % at the end of September . Taking into consideration the strong level of solvency and the strength of AXA's balance sheet more broadly , and as announced in our earlier press release , the Board of Directors approved today a share buy - backprogram , including the immediate launch of up to Euro 1.7 billion , and an intention to launch up to a further Euro 0.5 billion in 2022 to offset earnings dilution from recent disposals³ . " Paris , November 4 , 2021 ( 5:50 pm CET ) 9M21 Activity Indicators Continued strong performance ㄱ " The Group also announced strong new commitments to contribute to the fight against climate change and to preserve biodiversity . AXA has extended its investment and insurance exclusions in Oil and Gas , as well as in activities actively contributing to deforestation , investing Euro 1.5 billion to support sustainable forests . " Gross revenues ( in Euro billion ) " These excellent achievements are the result of the collaborative work of our employees , agents and partners . I would like to thank them , as well as our clients for their continued trust and loyalty . " Gross revenues¹ Page 1 o / w Property & Casualty o / w Health o / w Life & Savings o / w Asset Management All notes are on page 6 of this document . 9M20 73.4 38.0 11.3 22.8 0.9 9M21 76.0 38.5 11.5 24.5 1.1 Reported change Comparable change + 4 % + 1 % + 1 % + 8 % + 16 % + 7 % + 5 % + 4 % + 12 % + 17 %