Dividends

The AXA Group seeks to share the results of improved operational performance with its investors.

In addition, the management of AXA's investment portfolios make realized capital gains or losses on invested assets an important contributor to AXA's overall performance.

For these reasons, AXA's dividend policy is based on adjusted earnings (according to French GAAP) resulting in a dividend pay out between 40-50% of its adjusted earnings.

The dividend payment is ultimatly determined by the Board of Directors, which reserves the right to adjust
the dividend at each closing date.

Year

Pay out Date 

Dividend per share in Euro 

2013*

05/07/2014

0.81 

2012

05/14/2013 

0.72

2011

05/09/2012

0.69 

2010

05/04/2011 

0.69 

2009

05/06/2010 

0.55

2008 

05/12/2009 

0.40 

2007 

04/29/2008 

1.20 

2006 

05/21/2007 

1.06 

2005 

05/12/2006 

0.88 

2004 

04/28/2005 

0.61 

2003 

05/03/2004 

0.38 

2002 

05/07/2003 

0.34 

2001 

05/14/2002 

0.56

Division of the share per value by 4, effective May 16, 2001 (12th resolution of the 2001 Shareholders' Meeting) - Decision of the Management Board dated May 14, 2001

2000 

05/14/2001 

2.20 

1999 

05/09/2000 

2.00 

1998 

05/10/1999 

1.70

1997

05/11/1998 

1.37 

1996 

05/14/1997 

1.14 

1995**

06/06/1996 

0.99 

1994**

06/12/1995 

0.84 

1993**

07/27/1994 

0.76 

 Division of the share per value by 5, effective June 13, 1994 (1st resolution of the 1994 Shareholders' Meeting)

1992**

07/21/1993 

3.51

1991**

07/17/1992 

3.35 

* Ex date: 05/02/2014 - Record date: 05/06/2014 - Pay out date: 05/07/2014.
** The mentioned date refers to the pay out date by cash