Axa facts for kids
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Headquarters at Hôtel de La Vaupalière, Paris
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| Public | |
| Traded as | Euronext Paris: CS CAC 40 component |
| Industry | Financial services |
| Founded | 1921 |
| Headquarters | Hôtel de La Vaupalière, 25 Avenue Matignon,
France
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Area served
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Worldwide |
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Key people
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Thomas Buberl (CEO) Antoine Gosset-Grainville (chairman of the board) |
| Products |
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| Revenue |  €102.733 billion (2023) |
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Operating income
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€6.34 billion (2023) |
| €7.37 billion (2023) |
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| AUM | €945.50 billion (2023) |
| Total assets | €644.44 billion (2023) |
| Total equity | €52.39 billion (2023) |
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Number of employees
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113,696 (2023) |
| Subsidiaries | Axa Bank Belgium Axa Investment Managers Axa XL |
AXA S.A. is a big French company that offers insurance and manages investments. It's a global company with its main office in Paris, France. AXA helps people and businesses protect themselves from risks.
As of 2024, AXA is one of the largest financial companies in France. It operates in many parts of the world, including Europe, North America, the Middle East, and Africa.
Contents
What's in a Name?
The name "AXA" is written in all capital letters by the company. But it's not an acronym, which means it doesn't stand for anything. The company chose this name because it's easy for people to say in almost any language.
In the 1980s, the company's leader, Claude Bébéar, wanted a new name. He wanted it to be short, catchy, and sound the same everywhere. He even used a computer to help find the perfect name! In 1985, he picked "AXA."
A Look at History
AXA started a long time ago, in 1816. Back then, it was called Mutuelle de L'assurance contre L'incendie, which means "Mutual Fire Insurance." Over the years, the company grew by joining with or buying other companies.
- In 1978, it became Mutuelles Unies.
- In 1982, it joined with the Drouot Group and was called Mutuelles Unies/Drouot.
- The company officially became "AXA" in 1986.
AXA continued to grow by acquiring other large insurance companies. For example, it bought The Equitable in 1991 and Union des Assurances De Paris (UAP) in 1996. UAP was France's biggest insurer at the time. After that, the company was briefly known as Axa-UAP, but it changed back to just "AXA" in 1999.
In 2006, AXA bought the Winterthur Group from Credit Suisse. More recently, in 2018, AXA acquired XL Group Ltd., which is a company that provides insurance for businesses. In 2019, AXA sold its bank in Belgium to another company called Crelan.
AXA also makes decisions about where it invests its money. For example, in 2016, the company decided to stop investing in tobacco companies. By August 2024, AXA had also stopped investing in certain Israeli banks. In 2023, AXA Investment Managers bought a film studio and its land in France.
Where AXA is Headquartered
AXA's main office is in Paris, France. It's located in a beautiful old building from the 1700s called Hotel de La Vaupalière. AXA bought this building in the late 1990s. An architect named Ricardo Bofill designed a modern glass building that connects to the old hotel, creating AXA's current headquarters.
AXA's Financial Information
Here's a quick look at some of AXA's financial numbers over the past few years. These numbers show how much money the company makes, its profits, and its total value.
| Year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenue | 117,100 | 124,964 | 101,707 | 110,654 | 92,124 | 101,147 | 107,866 |
| Net income | 2,306 | 3,627 | 2,987 | 7,099 | 6,494 | 7,004 | 7,130 |
| Assets | 904,944 | 757,908 | 777,617 | 738,521 | 657,060 | 644,449 | 653,762 |
| Employees | 104,065 | 99,843 | 96,595 | 92,398 | 90,443 | 94,705 | 100,041 |
How AXA Operates Around the World
AXA has many different parts that work in various countries.
AXA in the United Kingdom
In the UK, AXA operates as AXA UK. It has different branches like AXA Insurance, AXA Wealth, and AXA Health. AXA also bought an online insurance company called Swiftcover.
AXA became a partner with the Premier League football team Liverpool F.C. in 2018. They started sponsoring the team's training kits in 2019. In 2020, AXA even bought the naming rights for the team's new training center, which is now called 'The AXA Training Centre.'
AXA Health
AXA Health sells private medical insurance in the UK. It used to be called AXA PPP Healthcare. It started in 1938 to help people in London get private healthcare.
AXA Global Healthcare
AXA - Global Healthcare helps people who need health insurance when they are living or traveling around the world. In 2018, they started offering a "Virtual Doctor" service. This service lets customers talk to doctors by phone or video anytime, from anywhere.
AXA in Ireland
AXA started working in Ireland in 1999. It bought a company called PMPA, which was one of Ireland's biggest insurance companies at the time. AXA is now the third-largest general insurer in the Republic of Ireland. In 2023, AXA bought another health insurance company in Ireland called Laya Healthcare.
AXA in Canada
AXA Canada used to sell insurance in different parts of Canada. In 2011, it was sold to another company called Intact Financial Corp.
AXA in the United States
In the United States, AXA's main branch is called Axa Financial, Inc. It works through other companies like Axa Advisors and AllianceBernstein. AXA acquired The Equitable in 1991 and another company called MONY in 2004.
AXA in Mexico
In 2008, AXA bought ING Insurance Mexico. This helped AXA offer more services in Mexico.
AXA in Australia
In 1995, AXA bought a large part of an Australian insurance company called National Mutual, which was then renamed AXA. In 2011, AXA's operations in Australia joined with another company called AMP.
AXA in Africa
AXA is growing its business in Africa. In 2016, it partnered with another insurer to offer special types of insurance in Africa. AXA already works in many African countries like Cameroon, Egypt, and Nigeria.
AXA Investment Managers
AXA Investment Managers (AXA IM) is a company that manages investments for people and businesses all over the world. It's a big part of the AXA Group. As of 2020, it managed over €858 billion in assets.
AXA in Hong Kong & Macau
In 2006, AXA bought MLC (Hong Kong) Limited and renamed it AXA (Hong Kong) Life Insurance Company Limited.
Former Companies AXA Owned
Over the years, AXA has also sold some of its businesses. For example, in 2010, AXA sold a UK business unit called SunLife. In 2021, the Gulf Insurance Group bought AXA's businesses in the Gulf region.
See also
In Spanish: AXA para niños
- Axa Investment Managers
- Ardian (formerly Axa Private Equity)
