AXA SA (AXAHY) AI Stock Analysis

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AXA SA

(OTC:AXAHY)

Rating:76Outperform

Price Target:―

AXA SA's stock is well-positioned with strong financial performance backed by stable revenue growth and excellent cash flow generation. The technical analysis indicates a positive momentum, though caution is advised due to slightly elevated RSI and Stochastic levels. The valuation is attractive, with a reasonable P/E ratio and a solid dividend yield that enhances its investment appeal. The main risk lies in its leverage and low equity ratio, which should be monitored closely.

AXA SA (AXAHY) vs. SPDR S&P 500 ETF (SPY)

Market Cap

$103.34B

Dividend Yield5.34%

Average Volume (3M)138.59K

Price to Earnings (P/E)12.3

Beta (1Y)0.41

Revenue Growth6.84%

EPS Growth11.87%

CountryUS

Employees100,041

SectorFinancial

Sector Strength64

IndustryInsurance - Diversified

Share Statistics

EPS (TTM)2.35

Shares Outstanding2,215,574,700

10 Day Avg. Volume153,300

30 Day Avg. Volume138,585

Financial Highlights & Ratios

PEG RatioN/A

Price to Book (P/B)0.00

Price to Sales (P/S)0.00

P/FCF Ratio0.00

Enterprise Value/Market Cap1.87

Enterprise Value/Revenue2.15

Enterprise Value/Gross Profit2.15

Enterprise Value/EbitdaN/A

Forecast

1Y Price TargetN/A

Price Target UpsideN/A

Rating ConsensusN/A

Number of Analyst Covering0

AXA SA Business Overview & Revenue Model

Company DescriptionAXA SA is a leading global insurance and asset management company headquartered in Paris, France. The company operates in various sectors, including life and savings, property and casualty, health, and asset management. It offers a wide range of insurance products and services to individuals and businesses, aiming to provide financial protection and risk management solutions.

How the Company Makes MoneyAXA SA generates revenue primarily through the sale of insurance policies and asset management services. The company's key revenue streams include premiums collected from life, savings, property and casualty, and health insurance products. In addition, AXA earns income from its asset management services by charging fees based on the assets under management. The company's financial performance is influenced by factors such as underwriting results, investment income, and its ability to efficiently manage claims. Strategic partnerships and acquisitions also play a role in expanding AXA's market presence and enhancing its revenue generation capabilities.

AXA SA Earnings Call Summary

Earnings Call Date:Aug 01, 2025

(Q2-2025)

% Change Since: -4.79%|

Next Earnings Date:Feb 19, 2026

Earnings Call Sentiment Positive

The earnings call demonstrates a strong overall performance by AXA, with significant growth in revenue and underlying earnings, strategic acquisitions enhancing market presence, and robust financial ratios. Despite challenges in asset management and specific market segments like UK Motor, the positive aspects significantly outweigh the negatives.

Q2-2025 Updates

Positive Updates

Strong Revenue Growth

Revenue increased by 7%, reaching over EUR 64 billion, with growth across all business lines and regions.

Solid Underlying Earnings

Underlying earnings grew by 6% to EUR 4.5 billion, supported by technical and operational discipline, data and AI initiatives, and distribution network development.

Robust Solvency Ratio

The Solvency II ratio increased by 4 points to 220%, indicating a strong financial position.

Prima Acquisition

AXA acquired a 51% stake in Prima, an Italian insurer, for EUR 500 million, doubling its market share in the Italian motor insurance market.

Positive Performance in P&C Segment

P&C revenues hit EUR 34.1 billion, up by 6%, with growth in both Commercial (5%) and Personal lines (7%).

Life & Health Segment Growth

Life & Health revenues increased by 8% to EUR 29.2 billion, with Life segment up by 9% and Health gross written premiums up by 6%.

Improved Productivity and Technical Margins

P&C combined ratio at 90% with improved technical margins and productivity gains.

Negative Updates

Asset Management Underperformance

AXA IM's underlying earnings declined by 14% due to increased investment costs and lower inflows.

UK Motor Market Challenges

UK Motor pricing dropped by 5% in the first half, although AXA's profitability in the UK is improving.

Company Guidance

During the first half of 2025, AXA Group reported a strong financial performance, with revenue growing by 7% to over EUR 64 billion and underlying earnings increasing by 6% to EUR 4.5 billion. The company's underlying earnings per share rose by 8%, reaching the upper range of their strategic plan target of 6%-8% per year. AXA's Solvency Ratio II improved by 4 points from the previous year, standing at a robust 220%. In their core business lines, Property & Casualty (P&C) revenues increased by 6% to EUR 34.1 billion, while Life & Health revenue rose by 8% to EUR 29.2 billion. Within the P&C segment, Commercial insurance grew by 5% and Personal lines by 7%, while Health premiums climbed 6% to EUR 10.1 billion. Additionally, AXA announced the acquisition of a 51% stake in Prima, an Italian insurer, for EUR 500 million, which is expected to double their market share in Italy's motor insurance sector.

AXA SA Financial Statement Overview

Summary

AXA SA demonstrates solid financial health with steady revenue growth and improved profitability. The strong free cash flow supports its operational effectiveness, though leverage and low equity ratios highlight potential financial risks. Continued monitoring of revenue and expense management is advised to ensure sustained profitability and financial stability.

Income Statement

Positive

AXA SA shows a stable revenue base with Total Revenue at €89.8 billion in 2024, reflecting a moderate growth from 2023. The Net Profit Margin improved slightly to 8.8% in 2024 from 8.2% in 2023, indicating efficient cost management. However, the EBIT and EBITDA data for 2024 are missing, limiting a full profitability analysis. Revenue growth and net income improvements highlight a positive trajectory, but the absence of EBIT data poses some risk to the earnings stability.

Balance Sheet

Positive

The company's Debt-to-Equity Ratio is 1.24, reflecting a moderate level of leverage typical for the insurance industry. The Return on Equity (ROE) improved to 15.8% in 2024, demonstrating effective use of equity. However, the Equity Ratio is relatively low at 7.6%, suggesting a high reliance on liabilities. Strong cash position with cash equivalents of €333.6 billion is a positive aspect, but high liabilities remain a concern.

Cash Flow

Positive

AXA SA's Free Cash Flow grew significantly by 99.5% in 2024, indicating strong cash generation capability. The Operating Cash Flow to Net Income Ratio is 1.58, suggesting robust cash flow relative to net income. The Free Cash Flow to Net Income Ratio is 1.52, further confirming the company's ability to generate cash. Despite the positive cash flow metrics, reliance on cash reserves for investments might limit future growth potential.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	89.82B	87.15B	93.08B	111.69B	102.58B
Gross Profit	89.82B	87.15B	93.08B	111.69B	102.58B
EBITDA	0.00	-738.00M	9.06B	7.01B	2.84B
Net Income	7.89B	7.19B	6.67B	7.29B	3.16B
Balance Sheet
Total Assets	653.76B	644.45B	696.70B	775.49B	804.59B
Cash, Cash Equivalents and Short-Term Investments	333.57B	320.12B	323.68B	424.91B	455.34B
Total Debt	62.14B	59.54B	63.75B	61.84B	66.28B
Total Liabilities	601.28B	591.99B	648.32B	700.26B	728.41B
Stockholders Equity	49.94B	49.58B	45.35B	71.13B	71.61B
Cash Flow
Free Cash Flow	11.99B	6.01B	7.53B	6.18B	25.14B
Operating Cash Flow	12.47B	6.44B	7.88B	6.53B	25.53B
Investing Cash Flow	-11.25B	-1.59B	470.00M	-8.95B	-11.43B
Financing Cash Flow	-7.33B	-6.78B	-6.12B	-4.33B	-4.93B

AXA SA Technical Analysis

Technical Analysis Sentiment

Neutral

Last Price46.36

Price Trends

50DMA

48.36

Negative

100DMA

45.87

Positive

200DMA

40.83

Positive

Market Momentum

MACD

-0.29

Positive

RSI

43.38

Neutral

STOCH

24.09

Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AXAHY, the sentiment is Neutral. The current price of 46.36 is below the 20-day moving average (MA) of 48.50, below the 50-day MA of 48.36, and above the 200-day MA of 40.83, indicating a neutral trend. The MACD of -0.29 indicates Positive momentum. The RSI at 43.38 is Neutral, neither overbought nor oversold. The STOCH value of 24.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AXAHY.

AXA SA Peers Comparison

Overall Rating

UnderperformOutperform

Sector (58)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HIG	79 Outperform	$35.87B	11.56	19.55%	1.59%	7.67%	15.99%
ACGL	76 Outperform	$33.23B	9.27	17.09%	―	23.79%	-32.09%
AXAHY	76 Outperform	$103.34B	12.35	16.54%	5.34%	6.84%	11.87%
PFG	72 Outperform	$16.96B	15.33	10.16%	3.89%	-3.34%	-3.32%
AEG	70 Neutral	$11.14B	15.51	9.36%	5.58%	-5.03%	―
Sector *	58 Neutral	HK$95.83B	5.46	-3.98%	4.95%	3.41%	-44.65%
AIG	56 Neutral	$45.21B	17.53	6.13%	2.14%	-44.30%	-33.09%

* Financial Sector Average

Performance Comparison

AXAHY

AXA SA

47.15

13.30

39.29%

AEG

Aegon

7.12

1.41

24.69%

AIG

American International Group

78.44

7.80

11.04%

ACGL

Arch Capital Group

88.66

-4.91

-5.25%

HIG

Hartford Financial

127.57

21.95

20.78%

PFG

Principal Financial

76.12

4.34

6.05%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Mar 22, 2025