AXA has confirmed that all resolutions presented at its annual shareholders’ meeting have been approved.
The meeting marked several changes to the composition of the company’s board of directors.
Guillaume Faury and Ramon Fernandez had their board mandates renewed, while Ewout Steenbergen’s co-opted appointment as director was formally ratified. Ramon de Oliveira retired from the board following 16 years of service.
Antoine Gosset-Grainville (pictured above), chairman of the board of directors, acknowledged de Oliveira’s contributions, noting how his financial market expertise and understanding of the US market played a role in the group’s strategic decisions over the years.
Following the meeting, the board now consists of 14 members, including eight women and six men. Of these, nine are considered independent.
The structure of AXA’s board committees was also confirmed. The audit committee will be chaired by Isabel Hudson and includes Clotilde Delbos, Ramon Fernandez, Angelien Kemna and Ewout Steenbergen.
The finance & risk committee will be chaired by Ramon Fernandez, with members Clotilde Delbos, Gérald Harlin, Isabel Hudson and Ewout Steenbergen.
Guillaume Faury will chair the compensation, governance & sustainability committee, joined by Bettina Cramm, Gérald Harlin, Rachel Picard and Marie-France Tschudin.
Shareholders also approved a dividend of €2.15 per share for the 2024 financial year, while plans to propose the renewal of current CEO Thomas Buberl’s mandate as a director for another four-year term was also brought up.
The latest shareholder update comes as the global insurer reported notable growth in 2024, with AXA highlighting an 8% increase in total gross written premiums and other revenues to €110.3 billion.
Property & casualty premiums rose 7% to €56.5 billion. Commercial lines increased 6%, driven by higher volumes, particularly at AXA XL Insurance, along with favourable pricing across all regions.
Personal lines premiums also grew by 7%, though volumes declined in the UK & Ireland and Germany due to profitability-focused measures. AXA XL Reinsurance recorded a 10% increase, supported by favourable pricing and higher volumes.
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