AXA SA

CS: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	YL	LOCK\|CB	LOCK\|N>b

AXA Earnings: Marginal Impact From Foreign Exchange; We Believe Shares Are Undervalued

Henry Heathfield

Aug 1, 2025

AXA has delivered sound earnings growth over the first half of 2025, driven by solid deliveries in property and casualty, and life and health. Net income has ultimately fallen because of adverse currency movements. AXA announced the acquisition of Italian insurer Prima with the Aug. 1 results.

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AXA SA

AXA Earnings: Marginal Impact From Foreign Exchange; We Believe Shares Are Undervalued

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