CS FINANCIAL STATEMENTS

AXA SA — balance sheet, income statement and cash flow trends

CSAXA SA

🇫🇷 France · PA · Financial Services · Insurance - Diversified

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Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q1 2025 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue109.2 B €+3.3%

Gross Profit109.2 B €+603.3%

Operating Income9.6 B €+5.8%

EBITDA8.9 B €+6.9%

Net Income9.8 B €+53.1%

Peer Comparison· Insurance - Diversified

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
CS	—	—	—	9.0%
ALV	—	—	—	8.5%
SLF	—	—	—	9.1%
AIG	—	—	—	11.9%
HIG	—	—	—	14.1%
ACGL	—	—	—	24.7%
Industry median	—	—	—	9.0%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q1 2025

Equity42.6 B €7%
Current Liabilities480 B €76%
Long-term Liabilities106 B €17%

Key Figures

YoY change

Total Assets635.5 B €-0.0%

Total Liabilities586 B €+724.0%

Total Equity42.6 B €-7.3%

Cash & ST Investments22.2 B €-93.0%

Total Debt61.9 B €-10.9%

Net Debt39.6 B €-7.1%

Peer Comparison· Insurance - Diversified

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
CS	0.10	145.4%	4.46	6.7%
ALV	—	—	—	6.4%
SLF	6.03	33.5%	-0.09	6.3%
AIG	0.83	22.7%	-3.32	25.0%
HIG	18.17	23.1%	-0.00	21.9%
ACGL	0.68	11.3%	-1.63	29.7%
Industry median	0.83	23.1%	-0.09	11.4%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q1 2025 · TTM

Key Figures

YoY change

Operating Cash Flow21.5 B €+140.1%

Capital Expenditures428 M €+14.4%

Free Cash Flow21.1 B €+145.5%

Dividends Paid-4.7 B €-225.8%

Peer Comparison· Insurance - Diversified

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
CS	19.7%	19.3%	0.4%	219.3%
ALV	37.7%	13.6%	2.2%	443.4%
SLF	20.3%	19.9%	0.4%	222.6%
AIG	13.2%	13.2%	0.0%	111.5%
HIG	20.8%	20.2%	0.6%	147.3%
ACGL	30.0%	29.7%	0.2%	121.1%
Industry median	13.2%	13.2%	0.2%	100.0%

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
CS	19.7%	19.3%	0.4%	219.3%
BNP	49.9%	47.2%	2.7%	332.4%
GLE	-80.5%	-96.8%	16.3%	-608.5%
ACA	10.0%	9.4%	0.6%	179.6%
ENX	59.6%	54.1%	5.5%	167.8%
Industry median	13.2%	13.2%	0.2%	100.0%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 3, 26. This content is for informational purposes only and is not investment advice.

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
CS	—	—	—	9.0%
BNP	—	—	—	15.0%
GLE	—	—	—	13.2%
ACA	—	—	—	5.6%
ENX	—	—	—	35.5%
Industry median	—	—	—	9.0%