AXA Group

AXA Group is a French multinational insurance corporation headquartered in Paris, France. Established in 1921, AXA has grown to become one of the world's leading insurance and asset management companies, offering a wide range of services including life, health, and property insurance, as well as investment management and other financial services. The company operates primarily in Western Europe, North America, the Asia-Pacific region, and the Middle East, with a presence in Africa as well. As of 2023, AXA reported revenues of €102.733 billion and managed assets totaling €945.50 billion.

In recent years, AXA has intensified its focus on midsized businesses to stimulate growth, emphasizing products such as cyber insurance and climate advice. The company plans to increase shareholder payouts to 75% of underlying earnings, with higher dividends and annual stock buybacks, expecting to return nearly €6 billion to investors in 2024. Under the leadership of CEO Thomas Buberl, AXA has shifted its strategy towards scaling existing successful services rather than pursuing acquisitions, aiming for annual earnings per share growth of 6-8%, surpassing previous targets. In 2023, AXA's net income rose 8% to €7.2 billion, and the company announced a €1.6 billion share buyback and a 16% dividend hike.