AXA traces its origins to early 19th-century France, where it began as a small mutual insurer. Rising through a series of acquisitions, it became the country's largest insurer by the early 1990s, when it also began expanding abroad. The French insurance business still accounts for a sizeable share of revenue but most of the group's revenue is generated elsewhere, driven by its operations in the rest of Europe, Asia-Pacific and North America. Although it has has a large health insurance business, its main activities remain property and casualty and life insurance. AXA sold its asset management business to BNP Paribas in July 2025. AXA is headquartered in Paris.
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