Axa's solvency ratio soars on US IPO, debt issue

Axa strengthened its solvency capital requirement (SCR) ratio by 28 percentage points in the first half of the year after taking its US unit public, issuing debt, improving earnings, and reducing equity risk.

The French insurer posted a SCR ratio of 233% for end-June, up from 221% in the first quarter and 205% at end-2017. 

Axa Equitable, the group’s US arm, started trading on the New York Stock Exchange on May 10, raising $2.75 billion. The equity sale added 10 percentage points to the end