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AXA — full event log

Every event we have on file across every reporting year. The Data-by-year tab summarises the top 10 per year; this page shows them all.

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2025· 2 events

Acquisition of Prima (Italy)Data confidence — high

AXA acquired 51% of Prima MGA in Italy for €0.5bn, a fast-growing Motor franchise with €1.2bn FY24 GWP and 90% combined ratio. Put/call option on remaining 49% to be exercised in 2029 or 2030.

sustainability_report p.9

Completion of AXA IM saleData confidence — high

AXA IM sale completed on July 1, 2025. Euro 3.8 billion share buy-back launched on July 2, 2025 to offset loss of AXA IM earnings.

sustainability_report p.7

2024· 12 events

€5bn/year transition financing investment targetData confidence — high

As a Global Investor, target €5bn per year in investments (corporate and sovereign bonds, real estate and private assets) to support transition financing.

sustainability_report p.38

€6bn P&C GWP cumulative 2024-2026 transition underwritingData confidence — high

As a Global Insurer, target €6bn in P&C GWP cumulative 2024-2026 to support transition underwriting across AXA France, Germany, Switzerland, UK, Belgium, Hong Kong, Mexico, and AXA XL.

sustainability_report p.38

20m+ customers covered by inclusive insurance by 2026Data confidence — high

Target >20m customers covered by inclusive insurance by 2026 (low-income to mass-market segments in emerging markets and low-middle income segments in eight European Markets including France).

sustainability_report p.38

Primary: Operational emissions reduction (energy, car fleet, business travel)Data confidence — high

AXA targets -50% absolute carbon emissions by 2030 vs. FY2019 baseline, covering energy, car fleet and business travel. Residual emissions to be offset via carbon credits from nature-based or technical solutions (e.g. restorative agriculture, forest restoration, carbon capture and storage).

sustainability_report p.38

Dependent: Transition financing as Global InvestorData confidence — high

As a Global Investor, AXA commits €5bn per year in investments to support transition financing across corporate and sovereign bonds, real estate and private assets. Focus on improving the resilience of communities.

sustainability_report p.38

Dependent: Transition underwriting as Global InsurerData confidence — high

As a Global Insurer, AXA targets €6bn in P&C GWP cumulative 2024-2026 to support transition underwriting, plus delivering +9,000 climate adaptation solutions & services to companies by 2026 (training, risk assessment, gap analysis, prevention/adaptation, crisis management).

sustainability_report p.38

Offsetting residual emissions via nature-based and technical removalsData confidence — high

AXA plans to offset residual emissions via carbon credits from projects that focus on capturing and storing carbon emissions using nature-based or technical solutions, including restorative agriculture, forest restoration, and carbon capture and storage (CCS).

sustainability_report p.38

Inclusive insurance target: >20m customers by 2026Data confidence — high

14 million customers covered at FY23, targeting more than 20 million customers by 2026 via inclusive insurance, accelerating growth in Emerging Markets and addressing underinsured populations.

sustainability_report p.21

9,000+ climate adaptation solutions target by 2026Data confidence — high

Deliver 9,000+ climate adaptation solutions & services (cumulative 2024E-2026E) ranging from training, prevention and adaptation consulting in particular through AXA Climate.

sustainability_report p.21

Acquisition of Nobis Group in ItalyData confidence — high

Acquisition of Nobis Group, predominantly a P&C insurance company, for €0.5 billion total consideration (11x P/E), improving AXA Italy's position from #5 to #4.

sustainability_report p.11

Strategic decision to sell AXA Investment Managers to BNP ParibasData confidence — high

AXA announced strategic decision to sell AXA IM for €5.4 billion total cash consideration (15x FY23 earnings multiple), entering into a long-term investment management partnership with BNP Paribas. Expected to close by Q2 2025. Aimed at simplifying business model and focusing on core insurance.

sustainability_report p.7

Net Zero target: -50% absolute carbon emissions by 2030affects scope 1 co2eData confidence — high

Contribute to Net-Zero: -50% by 2030 in absolute carbon emissions (scope: energy, car fleet and business travel) between FY2019 and FY2030 and offset of residual emissions via carbon credits using nature-based or technical solutions.

sustainability_report p.38

2023· 10 events

Adoption of IFRS 17 and IFRS 9Data confidence — high

Effective January 1, 2023, IFRS 17 replaces IFRS 4 for insurance contracts and IFRS 9 replaces IAS 39 for financial instruments. Results in significant accounting changes including discounted best-estimate reserves, introduction of risk adjustment, and creation of contractual service margin (CSM). Reported as accounting-only change with no impact on cash generation, capital management, Solvency II, or strategy.

sustainability_report p.2

€26bn green investments target exceededData confidence — high

AXA's €26bn green investments target by the end of 2023 has been exceeded.

sustainability_report p.11

Early adopter of TNFD biodiversity disclosureData confidence — high

Strengthened commitment on biodiversity by being an early adopter of the TNFD disclosure recommendations.

sustainability_report p.11

Launch of We Care programData confidence — high

Launch of We Care program in October 2023 across 4 pillars: caregiver policy, domestic and sexual violence policy, parental policy, Healthy You program. All AXA employees across 51 countries will have access by end of 2024.

sustainability_report p.11

22 non-core disposals under Driving Progress 2023Data confidence — high

Simplified and focused on markets with leading positions through 22 non-core disposals.

sustainability_report p.7

Dependent: Decarbonization of P&C insurance portfoliosData confidence — high

For the first time in 2023, AXA published targets to drive the decarbonization of some of its P&C insurance portfolios. AXA is leveraging its position as #1 global P&C commercial lines insurer to influence underwriting decisions in energy, transportation and construction sectors via transition underwriting.

sustainability_report p.11

Dependent: Green investments portfolioData confidence — high

AXA exceeded its €26bn green investments target by end of 2023, channelling investment capital toward climate solutions as a major institutional investor.

sustainability_report p.11

Dependent: Climate adaptation solutions & services via AXA ClimateData confidence — high

AXA targets delivering 9,000+ climate adaptation solutions & services cumulatively over 2024-2026, ranging from training/education, risk assessment, gap analysis, prevention/adaptation solutions, and crisis management/remediation — notably through AXA Climate. Consistent with AXA's Payer-to-Partner strategy to help customers mitigate the effects of climate change.

sustainability_report p.21

Dependent: Transition underwriting in P&C activitiesData confidence — high

AXA is developing transition underwriting in P&C activities including energy, transportation and construction — using its commercial lines leadership to support customers' decarbonization pathways and new corporate risks like the energy transition.

sustainability_report p.21

First decarbonization targets for P&C insurance portfoliosData confidence — high

For the first time, AXA has published targets to drive the decarbonization of some of its P&C insurance portfolios.

sustainability_report p.11