AXA SA (CS) - Net Assets

Latest as of June 2025: €56.59 Billion EUR

Based on the latest financial reports, AXA SA (CS) has net assets worth €56.59 Billion EUR as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€645.57 Billion) and total liabilities (€588.98 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€56.59 Billion
% of Total Assets	8.77%
Annual Growth Rate	5.23%
5-Year Change	-44.17%
10-Year Change	-42.67%
Growth Volatility	354.11

AXA SA - Net Assets Trend (1997–2024)

This chart illustrates how AXA SA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for AXA SA (1997–2024)

The table below shows the annual net assets of AXA SA from 1997 to 2024.

Year	Net Assets	Change
2024-12-31	€47.68 Billion	-9.01%
2023-12-31	€52.40 Billion	+8.31%
2022-12-31	€48.38 Billion	-41.70%
2021-12-31	€82.98 Billion	-2.83%
2020-12-31	€85.40 Billion	+2.61%
2019-12-31	€83.22 Billion	+13.61%
2018-12-31	€73.25 Billion	-12.82%
2017-12-31	€84.02 Billion	-3.85%
2016-12-31	€87.38 Billion	+5.07%
2015-12-31	€83.17 Billion	+6.25%
2014-12-31	€78.28 Billion	+23.78%
2013-12-31	€63.24 Billion	+12.89%
2012-12-31	€56.02 Billion	+9.99%
2011-12-31	€50.93 Billion	-5.45%
2010-12-31	€53.87 Billion	-92.20%
2009-12-31	€690.50 Billion	+5.75%
2008-12-31	€652.94 Billion	-7.59%
2007-12-31	€706.54 Billion	-0.68%
2006-12-31	€711.38 Billion	+27.34%
2005-12-31	€558.65 Billion	+1869.64%
2004-12-31	€28.36 Billion	+9.64%
2003-12-31	€25.87 Billion	-2.46%
2002-12-31	€26.52 Billion	-5.92%
2001-12-31	€28.19 Billion	+0.60%
2000-12-31	€28.02 Billion	+16.88%
1999-12-31	€23.98 Billion	+129.94%
1998-12-31	€10.43 Billion	-13.48%
1997-12-31	€12.05 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to AXA SA's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 636.4% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	€36.48 Billion	73.11%
Common Stock	€21.80 Billion	43.69%
Other Comprehensive Income	€-6.82 Billion	-13.66%
Total Equity	€49.90 Billion	100.00%

AXA SA Competitors by Market Cap

The table below lists competitors of AXA SA ranked by their market capitalization.

Company	Market Cap
Illinois Tool Works Inc NYSE:ITW	$78.43 Billion
Delta Electronics (Thailand) Public Company Limited F:NVAW	$78.59 Billion
United Parcel Service Inc NYSE:UPS	$78.66 Billion
AMERICA MOVIL SAB DE CV MX:AMXB	$78.82 Billion
O’Reilly Automotive Inc NASDAQ:ORLY	$78.03 Billion
Regeneron Pharmaceuticals Inc NASDAQ:REGN	$77.99 Billion
Royal Caribbean Group MX:RCL	$77.88 Billion
Royal Caribbean Cruises Ltd NYSE:RCL	$77.85 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in AXA SA's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 44,140,000,000 to 49,900,000,000, a change of 5,760,000,000 (13.0%).
Net income of 7,886,000,000 contributed positively to equity growth.
Dividend payments of 4,455,000,000 reduced retained earnings.
Share repurchases of 4,745,000,000 reduced equity.
New share issuances of 1,991,000,000 increased equity.
Other comprehensive income decreased equity by 1,121,000,000.
Other factors increased equity by 6,204,000,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	€7.89 Billion	+15.8%
Dividends Paid	€4.46 Billion	-8.93%
Share Repurchases	€4.75 Billion	-9.51%
Share Issuances	€1.99 Billion	+3.99%
Other Comprehensive Income	€-1.12 Billion	-2.25%
Other Changes	€6.20 Billion	+12.43%
Total Change	€-	13.05%

Book Value vs Market Value Analysis

This analysis compares AXA SA's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 1.88x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 12.18x to 1.88x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1997-12-31	€3.50	€42.62	x
1998-12-31	€3.46	€42.62	x
1999-12-31	€10.72	€42.62	x
2000-12-31	€14.59	€42.62	x
2001-12-31	€13.72	€42.62	x
2002-12-31	€13.43	€42.62	x
2003-12-31	€12.52	€42.62	x
2004-12-31	€13.39	€42.62	x
2005-12-31	€17.31	€42.62	x
2006-12-31	€20.52	€42.62	x
2007-12-31	€19.05	€42.62	x
2008-12-31	€17.55	€42.62	x
2009-12-31	€20.83	€42.62	x
2010-12-31	€22.40	€42.62	x
2011-12-31	€21.07	€42.62	x
2012-12-31	€22.85	€42.62	x
2013-12-31	€22.08	€42.62	x
2014-12-31	€26.82	€42.62	x
2015-12-31	€28.05	€42.62	x
2016-12-31	€29.14	€42.62	x
2017-12-31	€28.96	€42.62	x
2018-12-31	€26.13	€42.62	x
2019-12-31	€29.26	€42.62	x
2020-12-31	€30.00	€42.62	x
2021-12-31	€29.79	€42.62	x
2022-12-31	€19.74	€42.62	x
2023-12-31	€19.72	€42.62	x
2024-12-31	€22.71	€42.62	x

Capital Efficiency Dashboard

This dashboard shows how efficiently AXA SA utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 15.80%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 8.78%
• Asset Turnover: 0.14x
• Equity Multiplier: 13.10x
Recent ROE (15.80%) is above the historical average (9.85%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1997	24.40%	1.76%	0.19x	72.94x	€713.22 Million
1998	29.43%	2.17%	0.19x	72.20x	€1.01 Billion
1999	12.27%	2.44%	0.16x	31.03x	€374.08 Million
2000	9.30%	2.25%	0.21x	19.51x	€-171.20 Million
2001	2.10%	0.71%	0.15x	19.60x	€-1.96 Billion
2002	4.01%	1.45%	0.15x	18.75x	€-1.42 Billion
2003	4.29%	1.02%	0.22x	19.20x	€-1.34 Billion
2004	9.63%	2.58%	0.20x	18.39x	€-96.70 Million
2005	14.20%	6.71%	0.12x	17.04x	€1.42 Billion
2006	12.19%	7.31%	0.11x	15.41x	€1.04 Billion
2007	14.00%	6.83%	0.13x	15.84x	€1.83 Billion
2008	3.30%	2.24%	0.08x	17.99x	€-2.51 Billion
2009	7.80%	2.86%	0.18x	15.32x	€-1.02 Billion
2010	0.69%	0.28%	0.17x	14.72x	€-4.63 Billion
2011	8.63%	4.12%	0.14x	15.03x	€-666.20 Million
2012	7.56%	3.48%	0.15x	14.20x	€-1.31 Billion
2013	8.47%	3.59%	0.17x	14.27x	€-810.30 Million
2014	7.70%	4.14%	0.14x	12.88x	€-1.50 Billion
2015	8.20%	4.86%	0.13x	12.95x	€-1.23 Billion
2016	8.26%	4.59%	0.14x	12.65x	€-1.23 Billion
2017	8.92%	4.68%	0.15x	12.50x	€-752.10 Million
2018	3.43%	2.01%	0.11x	14.91x	€-4.10 Billion
2019	5.52%	2.90%	0.17x	11.17x	€-3.13 Billion
2020	4.42%	2.82%	0.14x	11.24x	€-4.00 Billion
2021	10.25%	5.97%	0.16x	10.90x	€180.50 Million
2022	14.72%	6.44%	0.15x	15.36x	€2.14 Billion
2023	16.29%	8.36%	0.13x	14.60x	€2.77 Billion
2024	15.80%	8.78%	0.14x	13.10x	€2.90 Billion

Industry Comparison

This section compares AXA SA's net assets metrics with peer companies in the Insurance - Diversified industry.

No peer company data available for comparison.

About AXA SA

PA:CS France Insurance - Diversified

Market Cap

$104.17 Billion

€89.10 Billion EUR

Market Cap Rank

#297 Global

#12 in France

Share Price

€42.62

Change (1 day)

+0.78%

52-Week Range

€37.46 - €43.40

All Time High

€43.40