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''This article summarizes [[Definition:AXA|AXA]]'s Financial supplement published on [[Definition:Year 2026|2026]]-02-26 (21 pages).''
 
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Line 189:
<div style="overflow-x:auto">
{| id="t4" class="wikitable fintable"
|+ Group [[Definition:Underlying earnings|underlying earnings]] build-up by [[Definition:Business mix|line of business]] and net income
|-
! style="text-align:left" | In EUR million
! colspan="4" style="text-align:center" | [[Definition:AXA|Group]]
! colspan="4" style="text-align:center" | [[Definition:Property & casualty|Property &amp; Casualty]]
! colspan="4" style="text-align:center" | [[Definition:Life & health|Life &amp; Health]]
! colspan="4" style="text-align:center" | [[Definition:AXA Investment Managers|Asset Management]] {{fn ref|1|2=AXA IM FY contribution presented in this document corresponds to its effective contribution to the Group’s results over the period of time when it was consolidated, i.e. until 1st July 2025.}}
! colspan="4" style="text-align:center" | Holdings {{fn ref|2|2=Includes Bank with Underlying Earnings Group Share of Euro -24 million as of 1H24, -55 million as of FY24, -24 million as of 1H25 and -54 million as of FY25.}}
|-
Line 849:
|-
! style="text-align:left" | In EUR million
! colspan="4" style="text-align:center" | [[Definition:AXA|Group]]
! colspan="4" style="text-align:center" | [[Definition:AXA France|France]]
! colspan="4" style="text-align:center" | [[Definition:AXA Europe|Europe]]
! colspan="4" style="text-align:center" | [[Definition:AXA XL|AXA XL]]
! colspan="4" style="text-align:center" | [[Definition:AXA Asia, Africa & EME-LATAM|Asia, Africa &amp; EME-LATAM]]
! colspan="4" style="text-align:center" | [[Definition:AXA Investment Managers|AXA IM]] {{fn ref|3|2=AXA IM FY contribution presented in this document corresponds to its effective contribution to the Group’s results over the period of time when it was consolidated, i.e. until 1st July 2025.}}
! colspan="4" style="text-align:center" | [[Definition:AXA Transversal & Other|Transversal &amp; Other]]
|-
! style="text-align:left" |
Line 1,401:
<div style="overflow-x:auto">
{| id="t6" class="wikitable fintable"
|+ [[Definition:Underlying earnings|Underlying earnings]] by [[Definition:Business mix|line of business]] and geography
|-
! style="text-align:left" | In EUR million
! colspan="4" style="text-align:center" | [[Definition:AXA|Group]]
! colspan="4" style="text-align:center" | [[Definition:AXA France|France]]
! colspan="4" style="text-align:center" | [[Definition:AXA Europe|Europe]]
! colspan="4" style="text-align:center" | [[Definition:AXA XL|AXA XL]]
! colspan="4" style="text-align:center" | [[Definition:AXA Asia, Africa & EME-LATAM|Asia, Africa &amp; EME-LATAM]]
! colspan="4" style="text-align:center" | [[Definition:AXA Investment Managers|AXA IM]] {{fn ref|3|2=AXA IM FY contribution presented in this document corresponds to its effective contribution to the Group’s results over the period of time when it was consolidated, i.e. until 1st July 2025.}}
! colspan="4" style="text-align:center" | [[Definition:AXA Transversal & Other|Transversal &amp; Other]]
|-
! style="text-align:left" |
Line 1,442:
! class="col-s" style="text-align:right" | [[Definition:Full year 2025|FY25]]
|-
| style="text-align:left" | <b>[[Definition:Underlying earnings|Underlying Earnings]] by [[Definition:Business mix|Line of Business]]</b>
| style="text-align:right" | —
| style="text-align:right" | —
Line 1,472:
| style="text-align:right" | —
|-
| style="text-align:left" | [[Definition:Property & casualty|Property &amp; Casualty]]
| style="text-align:right" | 2,908
| style="text-align:right" | 5,510
Line 1,502:
| style="text-align:right" | 151
|-
| style="text-align:left" | [[Definition:Life & health|Life &amp; Health]]
| style="text-align:right" | 1,725
| style="text-align:right" | 3,323
Line 1,532:
| style="text-align:right" | 22
|-
| style="text-align:left" | [[Definition:AXA Investment Managers|Asset Management]]
| style="text-align:right" | 204
| style="text-align:right" | 402
Line 1,761:
<div style="overflow-x:auto">
{| id="t8" class="wikitable fintable"
|+ [[Definition:Property & casualty|Property &amp; casualty]] [[Definition:Underlying earnings|underlying earnings]] build-up by [[Definition:Business mix|line of business]]
|-
! style="text-align:left" | In EUR million
Line 1,767:
! colspan="4" style="text-align:center" | Commercial lines
! colspan="4" style="text-align:center" | Personal lines
! colspan="4" style="text-align:center" | [[Definition:AXA XL|AXA XL]] Reinsurance
! colspan="4" style="text-align:center" | Intercompany eliminations
|-
Line 2,481:
<div style="overflow-x:auto">
{| id="t9" class="wikitable fintable"
|+ [[Definition:Property & casualty|Property &amp; casualty]] [[Definition:Underlying earnings|underlying earnings]] build-up by geography
|-
! style="text-align:left" | In EUR million
! colspan="4" style="text-align:center" | Total
! colspan="4" style="text-align:center" | [[Definition:AXA France|France]]
! colspan="4" style="text-align:center" | [[Definition:AXA Europe|Europe]]
! colspan="8" style="text-align:center" | [[Definition:AXA XL|AXA XL]]
! colspan="4" style="text-align:center" | [[Definition:AXA Asia, Africa & EME-LATAM|Asia, Africa &amp; EME-LATAM]]
! colspan="4" style="text-align:center" | [[Definition:AXA Transversal & Other|Transversal &amp; Other]]
|-
! style="text-align:left" |
Line 2,505:
! class="col-m" style="text-align:right" | [[Definition:Full year 2025|FY25]]
! class="col-m" style="text-align:right" | 1H24
! class="col-m" style="text-align:right" | o/w [[Definition:AXA XL|AXA XL]] Insurance
! class="col-m" style="text-align:right" | [[Definition:Full year 2024|FY24]]
! class="col-m" style="text-align:right" | o/w [[Definition:AXA XL|AXA XL]] Insurance
! class="col-m" style="text-align:right" | 1H25
! class="col-m" style="text-align:right" | o/w [[Definition:AXA XL|AXA XL]] Insurance
! class="col-m" style="text-align:right" | [[Definition:Full year 2025|FY25]]
! class="col-m" style="text-align:right" | o/w [[Definition:AXA XL|AXA XL]] Insurance
! class="col-m" style="text-align:right" | 1H24
! class="col-m" style="text-align:right" | [[Definition:Full year 2024|FY24]]
Line 3,368:
<div style="overflow-x:auto">
{| id="t10" class="wikitable fintable"
|+ [[Definition:Life & health|Life &amp; health]] [[Definition:Underlying earnings|underlying earnings]] build-up by [[Definition:Business mix|line of business]]
|-
! style="text-align:left" | In EUR million
Line 3,374:
! colspan="4" style="text-align:center" | Life
! colspan="4" style="text-align:center" | Health
! class="col-s" style="text-align:right" | Employee Benefits* (out of Total [[Definition:Life & health|Life &amp; Health]]) {{fn ref|6|2=Employee Benefits include Group Protection and Group Health contracts.}}
! colspan="3" style="text-align:center" | Employee Benefits* (out of Total [[Definition:Life & health|Life &amp; Health]])
|-
! style="text-align:left" |
Line 4,016:
<div style="overflow-x:auto">
{| id="t11" class="wikitable fintable"
|+ [[Definition:Life & health|Life &amp; health]] [[Definition:Underlying earnings|underlying earnings]] build-up by geography
|-
! style="text-align:left" | In EUR million
! colspan="4" style="text-align:center" | Total
! colspan="4" style="text-align:center" | [[Definition:AXA France|France]]
! colspan="4" style="text-align:center" | [[Definition:AXA Europe|Europe]]
! colspan="4" style="text-align:center" | [[Definition:AXA XL|AXA XL]]
! colspan="4" style="text-align:center" | [[Definition:AXA Asia, Africa & EME-LATAM|Asia, Africa &amp; EME-LATAM]]
! colspan="4" style="text-align:center" | [[Definition:AXA Transversal & Other|Transversal &amp; Other]]
|-
! style="text-align:left" |
Line 4,869:
! style="text-align:left" | In EUR million
! colspan="4" style="text-align:center" | Total
! colspan="4" style="text-align:center" | [[Definition:AXA France|France]]
! colspan="4" style="text-align:center" | [[Definition:AXA Europe|Europe]]
! colspan="4" style="text-align:center" | [[Definition:AXA XL|AXA XL]]
! colspan="4" style="text-align:center" | [[Definition:AXA Asia, Africa & EME-LATAM|Asia, Africa &amp; EME-LATAM]]
! colspan="4" style="text-align:center" | [[Definition:AXA Transversal & Other|Transversal &amp; Other]]
|-
! style="text-align:left" |
Line 5,718:
! style="text-align:left" | In EUR million
! colspan="4" style="text-align:center" | Total
! colspan="4" style="text-align:center" | [[Definition:AXA France|France]]
! colspan="4" style="text-align:center" | [[Definition:AXA Europe|Europe]]
! colspan="4" style="text-align:center" | [[Definition:AXA XL|AXA XL]]
! colspan="4" style="text-align:center" | [[Definition:AXA Asia, Africa & EME-LATAM|Asia, Africa &amp; EME-LATAM]]
! colspan="4" style="text-align:center" | [[Definition:AXA Transversal & Other|Transversal &amp; Other]]
|-
! style="text-align:left" |
Line 6,563:
<div style="overflow-x:auto">
{| id="t14" class="wikitable fintable"
|+ [[Definition:AXA Investment Managers|Asset management]] rollforward
|-
! style="text-align:left" | In EUR million
Line 6,821:
| style="text-align:right" | —
|-
| style="text-align:left" | <b>[[Definition:AXA Investment Managers|Asset Management]] Fee bps</b>
| style="text-align:right" | <b>18.1 bps</b>
| style="text-align:right" | —
Line 6,924:
! class="col-s" style="text-align:right" | [[Definition:Full year 2025|FY25]]
|-
| style="text-align:left" | <b>Opening Cash Balance at [[Definition:AXA|AXA]] SA {{fn ref|9|2=Includes liquid invested assets.}}</b>
| style="text-align:right" | —
| style="text-align:right" | <b>4.0</b>
Line 6,936:
| style="text-align:right" | 7.5
|-
| class="wt-indent-1" style="text-align:left" | [[Definition:Property & casualty|Property &amp; Casualty]]
| style="text-align:right" | —
| style="text-align:right" | 4.0
Line 6,942:
| style="text-align:right" | 5.1
|-
| class="wt-indent-1" style="text-align:left" | [[Definition:Life & health|Life &amp; Health]]
| style="text-align:right" | —
| style="text-align:right" | 3.6
Line 6,948:
| style="text-align:right" | 2.5
|-
| class="wt-indent-1" style="text-align:left" | [[Definition:AXA Investment Managers|Asset Management]] &amp; Other
| style="text-align:right" | —
| style="text-align:right" | 0.1
Line 6,990:
| style="text-align:right" | -0.7
|-
| style="text-align:left" | <b>Closing Cash Balance at [[Definition:AXA|AXA]] SA {{fn ref|9|2=Includes liquid invested assets.}}</b>
| style="text-align:right" | —
| style="text-align:right" | <b>4.0</b>
Line 7,008:
<div style="overflow-x:auto">
{| id="t17" class="wikitable fintable"
|+ Activity indicators by [[Definition:Business mix|line of business]]
|-
! style="text-align:left" | In EUR million
Line 7,018:
! style="text-align:left" |
! class="col-s" style="text-align:right" | Total
! class="col-s" style="text-align:right" | [[Definition:Property & casualty|P&amp;C]]
! class="col-s" style="text-align:right" | [[Definition:Life & health|Life &amp; Health]]
! class="col-s" style="text-align:right" | o/w Employee Benefits {{fn ref|12|2=Employee Benefits include Group Protection and Group Health contracts.}}
! class="col-s" style="text-align:right" | Life
! class="col-s" style="text-align:right" | Health
! class="col-s" style="text-align:right" | [[Definition:AXA Investment Managers|Asset Management]]
! class="col-s" style="text-align:right" | Bank
! class="col-s" style="text-align:right" | Total
! class="col-s" style="text-align:right" | [[Definition:Property & casualty|P&amp;C]]
! class="col-s" style="text-align:right" | [[Definition:Life & health|Life &amp; Health]]
! class="col-s" style="text-align:right" | o/w Employee Benefits {{fn ref|12|2=Employee Benefits include Group Protection and Group Health contracts.}}
! class="col-s" style="text-align:right" | Life
! class="col-s" style="text-align:right" | Health
! class="col-s" style="text-align:right" | [[Definition:AXA Investment Managers|Asset Management]]
! class="col-s" style="text-align:right" | Bank
! class="col-s" style="text-align:right" | Total
! class="col-s" style="text-align:right" | [[Definition:Property & casualty|P&amp;C]]
! class="col-s" style="text-align:right" | [[Definition:Life & health|Life &amp; Health]]
! class="col-s" style="text-align:right" | o/w Employee Benefits {{fn ref|12|2=Employee Benefits include Group Protection and Group Health contracts.}}
! class="col-s" style="text-align:right" | Life
! class="col-s" style="text-align:right" | Health
! class="col-s" style="text-align:right" | [[Definition:AXA Investment Managers|Asset Management]]
! class="col-s" style="text-align:right" | Bank
! class="col-s" style="text-align:right" | Total
! class="col-s" style="text-align:right" | [[Definition:Property & casualty|P&amp;C]]
! class="col-s" style="text-align:right" | [[Definition:Life & health|Life &amp; Health]]
! class="col-s" style="text-align:right" | o/w Employee Benefits {{fn ref|12|2=Employee Benefits include Group Protection and Group Health contracts.}}
! class="col-s" style="text-align:right" | Life
! class="col-s" style="text-align:right" | Health
! class="col-s" style="text-align:right" | [[Definition:AXA Investment Managers|Asset Management]]
! class="col-s" style="text-align:right" | Bank
|-
| style="text-align:left" | [[Definition:Gross written premiums & other revenues|Gross Written Premiums]] &amp; [[Definition:Other revenue|Other Revenues]]
| style="text-align:right" | 59,872
| style="text-align:right" | 32,522
Line 7,302:
! style="text-align:left" |
! class="col-s" style="text-align:right" | Total
! class="col-s" style="text-align:right" | [[Definition:AXA France|France]]
! class="col-s" style="text-align:right" | [[Definition:AXA Europe|Europe]]
! class="col-s" style="text-align:right" | [[Definition:AXA XL|AXA XL]]
! class="col-s" style="text-align:right" | [[Definition:AXA Asia, Africa & EME-LATAM|Asia, Africa &amp; EME-LATAM]]
! class="col-s" style="text-align:right" | [[Definition:AXA Investment Managers|AXA IM]]
! class="col-s" style="text-align:right" | [[Definition:AXA Transversal & Other|Transversal &amp; Other]]
! class="col-s" style="text-align:right" | Total
! class="col-s" style="text-align:right" | [[Definition:AXA France|France]]
! class="col-s" style="text-align:right" | [[Definition:AXA Europe|Europe]]
! class="col-s" style="text-align:right" | [[Definition:AXA XL|AXA XL]]
! class="col-s" style="text-align:right" | [[Definition:AXA Asia, Africa & EME-LATAM|Asia, Africa &amp; EME-LATAM]]
! class="col-s" style="text-align:right" | [[Definition:AXA Investment Managers|AXA IM]]
! class="col-s" style="text-align:right" | [[Definition:AXA Transversal & Other|Transversal &amp; Other]]
! class="col-s" style="text-align:right" | Total
! class="col-s" style="text-align:right" | [[Definition:AXA France|France]]
! class="col-s" style="text-align:right" | [[Definition:AXA Europe|Europe]]
! class="col-s" style="text-align:right" | [[Definition:AXA XL|AXA XL]]
! class="col-s" style="text-align:right" | [[Definition:AXA Asia, Africa & EME-LATAM|Asia, Africa &amp; EME-LATAM]]
! class="col-s" style="text-align:right" | [[Definition:AXA Investment Managers|AXA IM]]
! class="col-s" style="text-align:right" | [[Definition:AXA Transversal & Other|Transversal &amp; Other]]
! class="col-s" style="text-align:right" | Total
! class="col-s" style="text-align:right" | [[Definition:AXA France|France]]
! class="col-s" style="text-align:right" | [[Definition:AXA Europe|Europe]]
! class="col-s" style="text-align:right" | [[Definition:AXA XL|AXA XL]]
! class="col-s" style="text-align:right" | [[Definition:AXA Asia, Africa & EME-LATAM|Asia, Africa &amp; EME-LATAM]]
! class="col-s" style="text-align:right" | [[Definition:AXA Investment Managers|AXA IM]]
! class="col-s" style="text-align:right" | [[Definition:AXA Transversal & Other|Transversal &amp; Other]]
|-
| style="text-align:left" | [[Definition:Gross written premiums & other revenues|Gross Written Premiums]] &amp; [[Definition:Other revenue|Other Revenues]]
| style="text-align:right" | 59,872
| style="text-align:right" | 14,719
Line 7,701:
<div style="overflow-x:auto">
{| id="t21" class="wikitable fintable"
|+ Contractual Service Margin (CSM) rollforward by [[Definition:Business mix|business unit]]
|-
! style="text-align:left" | In EUR million
Line 7,723:
| style="text-align:right" | <b>33,853</b>
|-
| class="wt-indent-2" style="text-align:left" | [[Definition:Property & casualty|P&amp;C]]
| style="text-align:right" | 206
| style="text-align:right" | 0
Line 7,767:
<div style="overflow-x:auto">
{| id="t22" class="wikitable fintable"
|+ Contractual Service Margin (CSM) rollforward by [[Definition:Business mix|business unit]]
|-
! style="text-align:left" | In EUR million
Line 7,789:
| style="text-align:right" | <b>33,253</b>
|-
| class="wt-indent-2" style="text-align:left" | [[Definition:Property & casualty|P&amp;C]]
| style="text-align:right" | 282
| style="text-align:right" | 0
Line 8,049:
! class="col-s" style="text-align:right" | Fair Value
! class="col-s" style="text-align:right" | Belgium
! class="col-s" style="text-align:right" | [[Definition:AXA France|France]]
! class="col-s" style="text-align:right" | Germany
! class="col-s" style="text-align:right" | Italy
Line 8,150:
! class="col-s" style="text-align:right" | Fair Value
! class="col-s" style="text-align:right" | Belgium
! class="col-s" style="text-align:right" | [[Definition:AXA France|France]]
! class="col-s" style="text-align:right" | Germany
! class="col-s" style="text-align:right" | Japan
Line 8,216:
! class="col-s" style="text-align:right" | Fair Value
! class="col-s" style="text-align:right" | Belgium
! class="col-s" style="text-align:right" | [[Definition:AXA France|France]]
! class="col-s" style="text-align:right" | Germany
! class="col-s" style="text-align:right" | Italy
Line 8,271:
! style="text-align:left" | In EUR billion
! class="col-s" style="text-align:right" | Fair Value
! class="col-s" style="text-align:right" | [[Definition:AXA Europe|Europe]]
! class="col-s" style="text-align:right" | Japan
! class="col-s" style="text-align:right" | United States