AXA has ruled out a major capital raising exercise, saying it has no need of a cash injection.
The French group said that despite plunging share prices, it had enough money to cover its insurance operations.
Today's announcement came after steady falls in AXA's share price for the last five days.
The stock lost 8.6% yesterday in Paris.
The company said in a statement: "While the market valuation of AXA remains an important concern for the senior management of the group, it does not affect the group's capacity to run its businesses in satisfactory
conditions."
The group's first half operating earnings of Euros 1.02bn (£643m) provided enough capital to support growth and solvency margins were "more than adequate", it said.
