AXA SA Balance Sheet

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Investments in Debt Securities	-	315,575	309,318	293,028	397,380
Investments in Equity & Preferred Securities	1,500	15,715	15,692	16,706	38,825
Other Investments	418,400	27,307	22,088	20,294	36,762
Total Investments	447,700	439,453	429,381	409,852	503,987
Cash & Equivalents	22,200	18,988	25,384	26,167	25,051
Reinsurance Recoverable	-	26,081	25,211	24,378	41,116
Other Receivables	45,800	35,113	37,953	39,230	60,890
Deferred Policy Acquisition Cost	-	-	-	-	17,825
Separate Account Assets	97,200	90,095	82,753	76,491	86,315
Property, Plant & Equipment	-	2,212	2,095	2,231	2,443
Goodwill	17,800	18,141	17,855	17,754	17,167
Other Intangible Assets	4,400	4,017	4,222	4,267	4,297
Other Current Assets	200	13,412	13,299	32,586	13,468
Long-Term Deferred Tax Assets	-	3,357	3,337	3,269	421
Long-Term Deferred Charges	-	406	408	453	-
Other Long-Term Assets	200	2,487	2,487	1,679	2,511
Total Assets	635,500	653,762	644,385	638,357	775,491
Accrued Expenses	-	89	84	95	93
Insurance & Annuity Liabilities	470,400	477,036	469,031	444,812	356,350
Unpaid Claims	-	-	-	-	103,817
Unearned Premiums	-	-	-	-	23,925
Reinsurance Payable	-	6	8	5	16,469
Current Portion of Long-Term Debt	-	36,775	34,477	39,075	29,545
Short-Term Debt	-	798	994	996	1,181
Current Income Taxes Payable	-	1,291	1,279	1,312	924
Long-Term Debt	15,800	24,567	24,070	23,587	30,472
Long-Term Deferred Tax Liabilities	-	1,976	1,728	914	5,334
Separate Account Liability	12,800	12,573	12,110	12,366	86,360
Other Current Liabilities	-	20,396	21,584	39,810	16,347
Other Long-Term Liabilities	86,900	14,379	15,472	15,329	14,214
Total Liabilities	585,900	593,139	584,394	582,867	692,512
Common Stock	16,900	20,275	22,130	23,317	5,545
Additional Paid-In Capital	-	-	-	-	21,803
Retained Earnings	41,500	36,483	33,143	30,104	24,702
Treasury Stock	-1,600	-	-	-	-1,630
Comprehensive Income & Other	-9,600	-6,815	-5,694	-7,349	20,715
Total Common Equity	47,200	49,943	49,579	46,072	71,135
Minority Interest	2,400	10,680	10,412	9,418	11,844
Shareholders' Equity	49,600	60,623	59,991	55,490	82,979
Total Liabilities & Equity	635,500	653,762	644,385	638,357	775,491
Filing Date Shares Outstanding	2,055	2,175	2,226	2,265	2,356
Total Common Shares Outstanding	2,055	2,175	2,226	2,265	2,356
Total Debt	15,800	62,140	59,541	63,658	61,198
Net Cash (Debt)	6,400	-43,152	-34,157	-37,491	-36,147
Net Cash Per Share	3.01	-19.64	-15.26	-16.32	-15.14
Book Value Per Share	22.96	22.96	22.27	20.35	30.20
Tangible Book Value	25,000	27,785	27,502	24,051	49,671
Tangible Book Value Per Share	12.16	12.77	12.35	10.62	21.09

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.