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  • Previous Rank
    27
  • Revenues ($M)
    $125,578.20
  • Revenue Percent Change
    -16%
  • Profits ($M)
    $2,525.60
  • Profits Percent Change
    -63.9%
  • Assets ($M)
    $1,063,784.40
  • Employees
    104,065

Europe’s second largest insurer is halfway through a tricky transition. Last year, it started the process of shedding its U.S. life insurer AXA Equitable, a business line rendered unattractive by low interest rates, longer life expectancy and higher capital requirements. It threw some of the money it raised at Bermuda-based XL, a property and casualty insurer, and a reinsurer. XL promptly lost $700 million on Californian wildfires and Hurricane Michael. Axa and others have raised prices this year, strengthening an already-decent underlying business, but CEO Thomas Buberl has staked his reputation on XL keeping on top of increasingly expensive natural disasters.

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Company Information

CEO
Thomas Buberl
Sector
Financials
Industry
Insurance: Life, Health (stock)
HQ Location
Paris
Websitehttps://www.axa.com
Years on Global 500 List25
Employees104,065
Figures prepared in accordance with International Accounting Standards.

AXA Rank History

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Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$125,578.20-16%
Profits ($M)$2,525.60-63.9%
Assets ($M)$1,063,784.40-
Total Stockholder Equity ($M)$71,355.20-

Profit Ratios

Profit as % of Revenues2%
Profits as % of Assets0.2%
Profits as % of Stockholder Equity3.5%