AXA/2025/FY/Financial supplement: Difference between revisions
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== CSM rollforward ==
[[Definition:Contractual service margin (CSM)|CSM]]
{{Indexing|Contractual service margin rollforward, pre-tax and post-tax|Contractual service margin, new business CSM, underlying return on inforce, CSM release, economic variance, operating variance, other, P&C, Life, Health|cqvs0n2z2e|kind=table|order=21}}
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! style="text-align:left" | EUR million
! class="col-s" style="text-align:right" | FY23 Restated {{footnote|1=Following the termination of the sale of a closed life and pensions portfolio at AXA Germany in 2024. It was classified as held for sale in 2023.}}
! class="col-s" style="text-align:right" | New Business [[Definition:Contractual service margin (CSM)|CSM]]
! class="col-s" style="text-align:right" | Underlying Return on inforce
! class="col-s" style="text-align:right" | CSM Release
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