European insurance giant Axa reported mixed first-half results for 2025, with net profit declining 2% to €3.9 billion due to unfavorable currency effects. However, on an adjusted basis, earnings rose 6% to €4.5 billion, surpassing analyst expectations. Revenue grew 7% to €64.3 billion, driven by strong performance across all segments, particularly property-casualty and life-health insurance. The company maintained a robust solvency ratio of 220%, underscoring its financial stability.
Strategic Moves to Boost Growth
Axa announced the €500 million acquisition of Italian direct insurer Prima, doubling its auto insurance footprint in Italy. The deal aligns with its growth ambitions in lucrative markets. Concurrently, Axa launched a €3.8 billion share buyback program to offset dilution from the recent sale of its asset management arm. CEO Thomas Buberl reaffirmed mid-term targets, including 6-8% annual earnings-per-share growth, signaling confidence despite currency headwinds.
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