Revision as of 23:02, 9 June 2026 view source Wikilah admin (talk \| contribs) Bots, Bureaucrats, Editors, emailconfirmed, Interface administrators, Administrators (Semantic MediaWiki), Curators (Semantic MediaWiki), Editors (Semantic MediaWiki), Suppressors, Administrators, Widget editors 7,423 edits PlumBot: publish from draft		Latest revision as of 23:34, 9 June 2026 view source Wikilah admin (talk \| contribs) Bots, Bureaucrats, Editors, emailconfirmed, Interface administrators, Administrators (Semantic MediaWiki), Curators (Semantic MediaWiki), Editors (Semantic MediaWiki), Suppressors, Administrators, Widget editors 7,423 edits PlumBot: publish from draft
Line 17: <div style="overflow-x:auto"> {\| class="wikitable" style="width:100%" \|+ Average foreign exchange rates byfor ~~currency~~major currencies for half-years 2024 and 2025 and fiscal years 2024 and 2025 ! style="text-align:left" \| — ! style="text-align:right; width:6em" \| 1H24 Line 82: <div style="overflow-x:auto"> {\| class="wikitable" style="width:100%" \|+ Average interest rates byfor ~~currency~~major currencies for half-years 2024 and 2025 and fiscal years 2024 and 2025 ! style="text-align:left" \| — ! style="text-align:right; width:6em" \| Average 1H24 Line 129: <div style="overflow-x:auto"> {\| class="wikitable" style="width:100%" \|+ Closing interest rates byfor ~~currency~~major currencies for half-years 2024 and 2025 and fiscal years 2024 and 2025 ! style="text-align:left" \| — ! style="text-align:right; width:6em" \| Closing 1H24 Line 178: <div style="overflow-x:auto"> {\| class="wikitable" style="width:100%" \|+ Underlying earnings (UE) breakdown by line of business (LOB) and net income for half-years 2024 and 2025 and fiscal years 2024 and 2025 ! style="text-align:left" \| EUR million ! colspan="4" style="text-align:center" \| Group Line 833: <div style="overflow-x:auto"> {\| class="wikitable" style="width:100%" \|+ Underlying earnings (UE) breakdown by geography for half-years 2024 and 2025 and fiscal years 2024 and 2025 ! style="text-align:left" \| EUR million ! colspan="4" style="text-align:center" \| Group Line 1,549: <div style="overflow-x:auto"> {\| class="wikitable" style="width:100%" \|+ Property & casualty (P&C) underlying earnings (UE) breakdown by sub-line of business (LOB) for half-years 2024 and 2025 and fiscal years 2024 and 2025 ! style="text-align:left" \| EUR million ! colspan="4" style="text-align:center" \| Total Line 2,151: \| style="text-align:right" \| — \|- \| style="text-align:left; padding-left:1.5em" \| Oo/w VFA \| style="text-align:right" \| 0 \| style="text-align:right" \| 0 Line 2,173: \| style="text-align:right" \| — \|- \| style="text-align:left; padding-left:1.5em" \| Oo/w non VFA \| style="text-align:right" \| 113,515 \| style="text-align:right" \| 118,104 Line 2,270: <div style="overflow-x:auto"> {\| class="wikitable" style="width:100%" \|+ Property & casualty (P&C) underlying earnings (UE) breakdown by geography for half-years 2024 and 2025 and fiscal years 2024 and 2025 ! style="text-align:left" \| EUR million ! colspan="4" style="text-align:center" \| Total Line 2,276: ! colspan="4" style="text-align:center" \| Europe ! style="text-align:center" \| AXA XL ! style="text-align:center" \| Oo/w AXA XL insurance ! style="text-align:center" \| FY24 ! style="text-align:center" \| Oo/w AXA XL insurance ! style="text-align:center" \| ~~AXA XL~~1H25 ! style="text-align:center" \| Oo/w AXA XL insurance ! style="text-align:center" \| FY25 ! style="text-align:center" \| Oo/w AXA XL insurance ! colspan="4" style="text-align:center" \| Asia, Africa & EME-LATAM ! colspan="4" style="text-align:center" \| Transversal & other Line 2,300: ! style="text-align:right; width:6em" \| FY25 ! style="text-align:right; width:6em" \| 1H24 ! style="text-align:right; width:6em" \| —o/w AXA XL insurance ! style="text-align:right; width:6em" \| —FY24 ! style="text-align:right; width:6em" \| —o/w AXA XL insurance ! style="text-align:right; width:6em" \| 1H25 ! style="text-align:right; width:6em" \| —o/w AXA XL insurance ! style="text-align:right; width:6em" \| —FY25 ! style="text-align:right; width:6em" \| —o/w AXA XL insurance ! style="text-align:right; width:6em" \| 1H24 ! style="text-align:right; width:6em" \| FY24 Line 3,810: <div style="overflow-x:auto"> {\| class="wikitable" style="width:100%" \|+ ~~Underlying~~Life and health underlying earnings (UE) breakdown by geography ~~for life and health~~ for 1H24, FY24, 1H25, and FY25 ! style="text-align:left" \| EUR million ! colspan="4" style="text-align:center" \| Total Line 4,657: <div style="overflow-x:auto"> {\| class="wikitable" style="width:100%" \|+ ~~Underlying~~Life underlying earnings (UE) breakdown by geography ~~for life~~ for 1H24, FY24, 1H25, and FY25 ! style="text-align:left" \| EUR million ! colspan="4" style="text-align:center" \| Total Line 5,504: <div style="overflow-x:auto"> {\| class="wikitable" style="width:100%" \|+ ~~Underlying~~Health underlying earnings (UE) breakdown by geography ~~for health~~ for 1H24, FY24, 1H25, and FY25 ! style="text-align:left" \| EUR million ! colspan="4" style="text-align:center" \| Total Line 6,351: <div style="overflow-x:auto"> {\| class="wikitable" style="width:100%" \|+ Asset management rollforward by asset under management (AUM) and underlying earnings (UE) for 1H24, FY24, 1H25, and FY25 ! style="text-align:left" \| EUR million ! colspan="2" style="text-align:center" \| 1H24 Line 6,368: ! style="text-align:right; width:6em" \| o/w third party \|- \| style="text-align:left" \| '''Opening AUM (in ~~euro~~EUR billion)''' \| style="text-align:right" \| '''843''' \| style="text-align:right" \| '''332''' Line 6,418: \| style="text-align:right" \| -6 \|- \| style="text-align:left" \| '''Closing AUM (in ~~euro~~EUR billion)''' \| style="text-align:right" \| '''859''' \| style="text-align:right" \| '''340''' Line 6,636: <div style="overflow-x:auto"> {\| class="wikitable" style="width:100%" \|+ ~~Underlying~~Holdings underlying earnings (UE) ~~for holdings~~ for 1H24, FY24, 1H25, and FY25 ! style="text-align:left" \| EUR million ! style="text-align:right; width:6em" \| 1H24 Line 6,704: * <sup>⁴</sup> On top of annual share buy-back, includes Euro +3.5 billion share buy-back in 2025 to offset the earnings dilution resulting from the disposal of AXA IM and Euro +0.7 billion share buy-back in 2024 from the reinsurance treaties for the in-force Savings portfolio at AXA France (Euro +0.5 billion) and AXA Life Europe (Euro +0.2 billion). == 13. Activity ~~indicators~~Indicators == <div style="overflow-x:auto"> {\| class="wikitable" style="width:100%" \|+ Activity indicators breakdown by segment for 1H24, FY24, 1H25, and FY25 ! style="text-align:left" \| EUR million ~~! style="text-align:center" \| Total~~ ~~! style="text-align:center" \| P&C~~ ~~! style="text-align:center" \| Life & health~~ ~~! style="text-align:center" \| o/w employee benefits~~ ~~! style="text-align:center" \| Life~~ ~~! style="text-align:center" \| Health~~ ~~! style="text-align:center" \| Asset management~~ ~~! style="text-align:center" \| Bank~~ ~~! style="text-align:center" \| Total~~ ~~! style="text-align:center" \| P&C~~ ~~! style="text-align:center" \| Life & health~~ ~~! style="text-align:center" \| o/w employee benefits~~ ~~! style="text-align:center" \| Life~~ ~~! style="text-align:center" \| Health~~ ~~! style="text-align:center" \| Asset management~~ ~~! style="text-align:center" \| Bank~~ ~~! style="text-align:center" \| Total~~ ~~! style="text-align:center" \| P&C~~ ~~! style="text-align:center" \| Life & health~~ ~~! style="text-align:center" \| o/w employee benefits~~ ~~! style="text-align:center" \| Life~~ ~~! style="text-align:center" \| Health~~ ~~! style="text-align:center" \| Asset management~~ ~~! style="text-align:center" \| Bank~~ ~~! style="text-align:center" \| Total~~ ~~! style="text-align:center" \| P&C~~ ~~! style="text-align:center" \| Life & health~~ ~~! style="text-align:center" \| o/w employee benefits~~ ~~! style="text-align:center" \| Life~~ ~~! style="text-align:center" \| Health~~ ~~! style="text-align:center" \| Asset management~~ ~~! style="text-align:center" \| Bank~~ \|- ~~! style="text-align:left" \| —~~ ! colspan="8" style="text-align:center" \| 1H24 ! colspan="8" style="text-align:center" \| FY24 ! colspan="8" style="text-align:center" \| 1H25 ! colspan="8" style="text-align:center" \| FY25 \|- ! style="text-align:left" \| — ! style="text-align:right; width:6em" \| Total ! style="text-align:right; width:6em" \| P&C ! style="text-align:right; width:6em" \| Life & health ! style="text-align:right; width:6em" \| o/w employee benefits ! style="text-align:right; width:6em" \| Life ! style="text-align:right; width:6em" \| Health ! style="text-align:right; width:6em" \| Asset management ! style="text-align:right; width:6em" \| Bank ! style="text-align:right; width:6em" \| Total ! style="text-align:right; width:6em" \| P&C ! style="text-align:right; width:6em" \| Life & health ! style="text-align:right; width:6em" \| o/w employee benefits ! style="text-align:right; width:6em" \| Life ! style="text-align:right; width:6em" \| Health ! style="text-align:right; width:6em" \| Asset management ! style="text-align:right; width:6em" \| Bank ! style="text-align:right; width:6em" \| Total ! style="text-align:right; width:6em" \| P&C ! style="text-align:right; width:6em" \| Life & health ! style="text-align:right; width:6em" \| o/w employee benefits ! style="text-align:right; width:6em" \| Life ! style="text-align:right; width:6em" \| Health ! style="text-align:right; width:6em" \| Asset management ! style="text-align:right; width:6em" \| Bank ! style="text-align:right; width:6em" \| Total ! style="text-align:right; width:6em" \| P&C ! style="text-align:right; width:6em" \| Life & health ! style="text-align:right; width:6em" \| o/w employee benefits ! style="text-align:right; width:6em" \| Life ! style="text-align:right; width:6em" \| Health ! style="text-align:right; width:6em" \| Asset management ! style="text-align:right; width:6em" \| Bank \|- \| style="text-align:left" \| Gross written premiums & other revenues Line 6,991: <div style="overflow-x:auto"> {\| class="wikitable" style="width:100%" \|+ Activity indicators breakdown by geography for 1H24, FY24, 1H25, and FY25 ! style="text-align:left" \| EUR million ~~! style="text-align:center" \| Total~~ ~~! style="text-align:center" \| France~~ ~~! style="text-align:center" \| Europe~~ ~~! style="text-align:center" \| AXA XL~~ ~~! style="text-align:center" \| Asia, Africa & EME-LATAM~~ ~~! style="text-align:center" \| AXA IM~~ ~~! style="text-align:center" \| Transversal & other~~ ~~! style="text-align:center" \| Total~~ ~~! style="text-align:center" \| France~~ ~~! style="text-align:center" \| Europe~~ ~~! style="text-align:center" \| AXA XL~~ ~~! style="text-align:center" \| Asia, Africa & EME-LATAM~~ ~~! style="text-align:center" \| AXA IM~~ ~~! style="text-align:center" \| Transversal & other~~ ~~! style="text-align:center" \| Total~~ ~~! style="text-align:center" \| France~~ ~~! style="text-align:center" \| Europe~~ ~~! style="text-align:center" \| AXA XL~~ ~~! style="text-align:center" \| Asia, Africa & EME-LATAM~~ ~~! style="text-align:center" \| AXA IM~~ ~~! style="text-align:center" \| Transversal & other~~ ~~! style="text-align:center" \| Total~~ ~~! style="text-align:center" \| France~~ ~~! style="text-align:center" \| Europe~~ ~~! style="text-align:center" \| AXA XL~~ ~~! style="text-align:center" \| Asia, Africa & EME-LATAM~~ ~~! style="text-align:center" \| AXA IM~~ ~~! style="text-align:center" \| Transversal & other~~ \|- ~~! style="text-align:left" \| —~~ ! colspan="7" style="text-align:center" \| 1H24 ! colspan="7" style="text-align:center" \| FY24 ! colspan="7" style="text-align:center" \| 1H25 ! colspan="7" style="text-align:center" \| FY25 \|- ! style="text-align:left" \| — ! style="text-align:right; width:6em" \| Total ! style="text-align:right; width:6em" \| France ! style="text-align:right; width:6em" \| Europe ! style="text-align:right; width:6em" \| AXA XL ! style="text-align:right; width:6em" \| Asia, Africa & EME-LATAM ! style="text-align:right; width:6em" \| AXA IM ! style="text-align:right; width:6em" \| Transversal & other ! style="text-align:right; width:6em" \| Total ! style="text-align:right; width:6em" \| France ! style="text-align:right; width:6em" \| Europe ! style="text-align:right; width:6em" \| AXA XL ! style="text-align:right; width:6em" \| Asia, Africa & EME-LATAM ! style="text-align:right; width:6em" \| AXA IM ! style="text-align:right; width:6em" \| Transversal & other ! style="text-align:right; width:6em" \| Total ! style="text-align:right; width:6em" \| France ! style="text-align:right; width:6em" \| Europe ! style="text-align:right; width:6em" \| AXA XL ! style="text-align:right; width:6em" \| Asia, Africa & EME-LATAM ! style="text-align:right; width:6em" \| AXA IM ! style="text-align:right; width:6em" \| Transversal & other ! style="text-align:right; width:6em" \| Total ! style="text-align:right; width:6em" \| France ! style="text-align:right; width:6em" \| Europe ! style="text-align:right; width:6em" \| AXA XL ! style="text-align:right; width:6em" \| Asia, Africa & EME-LATAM ! style="text-align:right; width:6em" \| AXA IM ! style="text-align:right; width:6em" \| Transversal & other \|- \| style="text-align:left" \| Gross written premiums & other revenues Line 7,247: <div style="overflow-x:auto"> {\| class="wikitable" style="width:100%" \|+ Balance sheet assets ~~breakdown~~ for fiscal years 2024 and 2025 ! style="text-align:left" \| EUR billion ! style="text-align:right; width:6em" \| FY24 Line 7,324: <div style="overflow-x:auto"> {\| class="wikitable" style="width:100%" \|+ Balance sheet liabilities, non-controlling interests and ~~equity~~shareholders' ~~breakdown~~equity for fiscal years 2024 and 2025 ! style="text-align:left" \| EUR billion ! style="text-align:right; width:6em" \| FY24 Line 7,391: </div> == 15. CSM ~~Rollforward~~rollforward == <div style="overflow-x:auto"> {\| class="wikitable" style="width:100%" \|+ Contractual service margin (CSM) rollforward by segment, pre-tax and post-tax, for fiscal year 2024 ! style="text-align:left" \| EUR million ! style="text-align:right; width:6em" \| FY23 restated Line 7,462: <div style="overflow-x:auto"> {\| class="wikitable" style="width:100%" \|+ Contractual service margin (CSM) rollforward by segment, pre-tax and post-tax, for fiscal year 2025 ! style="text-align:left" \| EUR million ! style="text-align:right; width:6em" \| FY24 Line 7,613: <div style="overflow-x:auto"> {\| class="wikitable" style="width:100%" \|+ Fair value by rating breakdown of invested assets ! style="text-align:left" \| EUR billion ! colspan="7" style="text-align:center" \| Fair value by rating Line 8,086: </div> == 19. ~~ROE~~RoE & Gearing == <div style="overflow-x:auto"> {\| class="wikitable" style="width:100%" \|+ ~~ROE~~Return ~~and~~on ~~underlying~~equity (ROE) analysis for fiscal years 2024 and 2025 ! style="text-align:left" \| EUR billion ! style="text-align:right; width:6em" \| FY24 Line 8,134: <div style="overflow-x:auto"> {\| class="wikitable" style="width:100%" \|+ Debt gearing ~~and shareholders' equity~~ build-up for fiscal years 2024 and 2025 ! style="text-align:left" \| EUR billion ! style="text-align:right; width:6em" \| FY24 Line 8,199: <div style="overflow-x:auto"> {\| class="wikitable" style="width:100%" \|+ Solvency II eligible own funds (EOF), solvency capital requirement (SCR), and solvency II ratio rollforward for fiscal years 2024 and 2025 ! style="text-align:left" \| EUR billion ! style="text-align:right; width:6em" \| FY24 Line 8,248: <div style="overflow-x:auto"> {\| class="wikitable" style="width:100%" \|+ ~~Solvency II eligible~~Eligible own funds (EOF) breakdown by tier and sector for fiscal years 2024 and 2025 ! style="text-align:left" \| EUR billion ! style="text-align:right; width:6em" \| Total

AXA/2025/FY financial supplement: Difference between revisions