AXA: AI is expected to deliver €500 to €700 million in value contribution – P/E ratio of 10.

AXA makes AI a core part of its new strategy plan "Growing Forward." At the Capital Markets Day, the insurer quantified the financial impact for the first time: starting in 2029, AI is expected to contribute a recurring value of €500 to €700 million per year after investments. Meanwhile, the adjusted EPS is projected to grow by 7 to 9% annually from 2026 to 2029. How AI is already improving business AI is expected to not only reduce costs but also enhance customer acquisition, pricing, underwriting, claims processing, customer retention,...