AXA at All-Time High - AI Expected to Bring Up to €700 Million Annually and Further Drive Profits!
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AXA adds a net 2.4 million private customer contracts. Digital insurer Prima grows by 32%. AI is expected to contribute €500 to €700 million annually to pre-tax earnings by 2029. The new strategic plan aims for 7 to 9% annual earnings growth per share and a payout ratio of 75%. AXA is among the largest insurers worldwide. On November 10, the stock reached a new all-time high of €46.37 in Paris. Rising premiums and AI present profit opportunities. Additional tailwinds could come from higher investment income and new EU capital rules...
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