AXA Group

AXA Group: Global Insurance Leader — 2026 Overview

AXA is one of the world’s largest insurance and financial protection groups, headquartered in Paris, France. The company serves tens of millions of customers across more than 50 countries with Property & Casualty (P&C), Life & Health, and related protection and savings products. AXA is known for its scale, diversified business model, strong capital position, and focus on both personal and commercial lines.

Note on the United States: AXA exited the U.S. life insurance market after the spin-off/sale of what became Equitable Holdings. AXA continues to operate globally and maintains a significant presence in commercial and specialty insurance through AXA XL. Direct U.S. life and personal lines activity under the AXA brand is limited compared with its European and Asian operations.

2025 Full-Year Financial Highlights (Latest Complete Year)

Metric	FY 2025	Change vs FY 2024
Gross written premiums & other revenues	€116 billion	+6%
Underlying earnings	€8.4 billion	+6% (+9% excluding AXA IM)
Underlying earnings per share	€3.86	+8%
Net income	€9.8 billion	+26%
Solvency II ratio (31 Dec 2025)	224%	+9 points
Proposed dividend per share	€2.32	+8%

Key drivers included balanced growth across P&C (+5% on a comparable basis) and Life & Health (+8%), margin improvement, and the contribution from the disposal of AXA Investment Managers (AXA IM). The group launched an annual share buy-back program of up to €1.25 billion and completed a larger buy-back related to the AXA IM sale.

First-Half 2026 Update

Metric	H1 2026	Change vs H1 2025
Gross written premiums & other revenues	€66.3 billion	+5%
Underlying earnings	€4.5 billion	+4% (+9% excl. AXA IM)
Underlying EPS	€2.19	+8%
Solvency II ratio (30 Jun 2026)	218%	+3 points vs 1 Jan 2026 (post-grandfathering)

P&C underlying earnings rose 6% and Life & Health underlying earnings rose 11%. Management indicated underlying EPS growth for full-year 2026 is expected at the upper end of the 6–8% target range.

Financial Strength Ratings

AXA maintains high financial strength ratings from the major agencies (subject to periodic review):

• S&P: AA / AA– range for core entities (recent upgrades reported for certain subsidiaries)
• Moody’s: Aa2 / Aa3
• AM Best: A+ (Superior)

These ratings support confidence in claims-paying ability and long-term policyholder security.

What AXA Offers

AXA’s portfolio covers individuals, families, and businesses:

• Property & Casualty — auto, home, commercial property, liability, and specialty lines (including through AXA XL)
• Life & Health — protection, savings, unit-linked products, employee benefits, and health insurance
• Travel and specialty covers
• Commercial and cyber risk solutions
• Retirement and investment-related products (post AXA IM disposal, asset management is no longer a core reported segment in the same form)

Products and availability vary significantly by country. Local subsidiaries adapt offerings to regulatory and market conditions.

Global Footprint

AXA operates across Europe (core markets include France, Germany, the UK, Switzerland, Italy and others), Asia-Pacific, the Middle East & Africa, and selected markets in the Americas (notably Mexico, Colombia and Canada). The group emphasizes a combination of global scale and local expertise.

Capital Management and Shareholder Returns

AXA has a long record of dividend payments and active capital return. In 2025 the group increased the dividend and executed significant share buy-backs. Solvency remains comfortably above regulatory requirements, supporting both growth and distributions.

Strengths and Considerations

Strengths

• Large, diversified global franchise
• Consistent top-line and earnings growth in recent periods
• Strong Solvency II position
• High financial strength ratings
• Balanced personal and commercial lines
• Active capital management (dividends + buy-backs)

Considerations

• Limited direct presence in the U.S. personal life market following the Equitable transaction
• Results can be affected by natural catastrophe experience, financial market movements, and foreign-exchange translation
• Product features, pricing and claims experience vary by local market

Contact Information

AXA Group Headquarters
25 Avenue Matignon
75008 Paris, France
Website: www.axa.com
Main switchboard: +33 (0)1 40 75 57 00

Local country websites and customer service numbers are available via the global site or national AXA portals.

Summary for American Readers and Insurance Professionals

AXA is a top-tier global multi-line insurer with €116 billion in gross written premiums and other revenues in 2025, underlying earnings of €8.4 billion, and a Solvency II ratio of 224% at year-end 2025 (218% at mid-2026). It remains a major force in Europe, Asia and selected other markets, with particular strength in P&C (including specialty via AXA XL) and Life & Health. While its direct U.S. life operations are limited after the Equitable separation, the group’s financial strength, scale and international capabilities make it a significant reference point in the global insurance industry.

For the most current figures, product details and local contact information, refer to axa.com and the relevant national AXA websites. Ratings and financial metrics are subject to change and should be verified with official company disclosures and rating agency reports.

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