Being a shareholder

Why invest in AXA? 

Being an AXA shareholder means partnering with a global insurance leader operating in 52 countries and serving more than 92 million clients. It means investing in a diversified Group, rooted in the real economy, with a strong balance sheet and committed to creating long-term value.

Through its “Growing Forward” strategic plan for 2027–2029, AXA aims to accelerate organic growth while maintaining attractive margins. The Group will rely on three key drivers: growth, technical excellence and operational efficiency, notably through the deployment of artificial intelligence.

As an AXA shareholder, you invest in:

A global insurance leader

• A leading international player in Employee Benefits
• The number one health insurer in Europe
• A leader in Employee Benefits in Japan and Hong Kong
• A diversified business model across business lines, geographies and distribution channels

Strong financial performance and enhanced ambitions

In 2025, AXA reported:

• €116 billion in gross revenues, up 6%
• €8.4 billion in underlying earnings, up 6%
• A dividend of €2.32 per share, up 8%

For the 2027–2029 period, AXA notably targets:

• Average annual growth in underlying earnings per share of between 7% and 9%
• Underlying return on equity of between 15% and 17%
• Approximately €25 billion in cumulative organic cash upstream
• AXA is also investing in artificial intelligence, which could generate an additional €500 million to €700 million in recurring pre-tax earnings per year by 2029

These targets reflect AXA’s ability to generate recurring earnings and cash flows through a diversified, capital-light business model.

An attractive shareholder distribution policy

Capital management policy is one of AXA’s key investment strengths. The Group targets a total payout ratio of 75% of underlying earnings per share:

• 60% through dividends
• 15% through share buybacks

AXA also intends to maintain a dividend per share at least equal to that of the previous financial year and to give priority to dividends and share buybacks over any external growth transaction (€2.32 per share in 2026).

In 2025, AXA will have paid €4.85 billion in dividends to nearly 400,000 shareholders.

A company committed to climate action and inclusion

• €6.4 billion invested in 2025 to finance the climate transition, exceeding the annual target of €5 billion
• A 64% reduction in carbon emissions related to AXA’s operations, compared with a 50% reduction target by 2030
• 20.6 million clients covered by inclusive insurance in 2025, exceeding the target set for 2026

A company that shares value

• More than €49 billion in claims paid to clients
• More than €40 billion invested in the economy
• €13 billion in taxes, levies and social contributions paid, including 37% in France
• €7 billion in salaries and bonuses paid to employees
• More than 36% of employees are also shareholders of the Group and hold 4.87% of its share capital

As an AXA shareholder, a dedicated team is available to provide you with information. You also benefit from a close relationship with the Group through dedicated communications throughout the year, regular exchanges and exclusive benefits available to members of the Shareholders’ Circle.