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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.

Company Information

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