AXA Is Bulking Up on Insurtechs to Grow in Italy -- Market Talk

Dow Jones

Aug 01

0918 GMT - AXA's latest acquisition of a direct insurer in Italy is interesting, Citi says in a research note. The French insurer said it is buying a majority stake in Prima for 500 million euros. "This is an impressive company and 11x multiple seems reasonable," analyst James Shuck writes, noting the deal follows its recent acquisition of Italian insurer Nobis. The two deals show how AXA is seeking to leverage insurtechs to gain scale in Italy, he adds. "We like the Prima deal but we do note some industry skepticism around margins and note that Axa doesn't have the best track record in acquiring direct motor insurers," he adds. AXA also reported first-half results that were roughly in line with views except for net profit, which was dented by currency fluctuations. Shares fall 6% to 40.1 euros. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

August 01, 2025 05:18 ET (09:18 GMT)

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The French insurer said it is buying a majority stake in Prima for 500 million euros. \"This is an impressive company and 11x multiple seems reasonable,\" analyst James Shuck writes, noting the deal follows its recent acquisition of Italian insurer Nobis. The two deals show how AXA is seeking to leverage insurtechs to gain scale in Italy, he adds. \"We like the Prima deal but we do note some industry skepticism around margins and note that Axa doesn't have the best track record in acquiring direct motor insurers,\" he adds. AXA also reported first-half results that were roughly in line with views except for net profit, which was dented by currency fluctuations. Shares fall 6% to 40.1 euros. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 01, 2025 05:18 ET (09:18 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AXA Is Bulking Up on Insurtechs to Grow in Italy -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAXA Is Bulking Up on Insurtechs to Grow in Italy -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-08-01 17:18</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0918 GMT - AXA's latest acquisition of a direct insurer in Italy is interesting, Citi says in a research note. The French insurer said it is buying a majority stake in Prima for 500 million euros. \"This is an impressive company and 11x multiple seems reasonable,\" analyst James Shuck writes, noting the deal follows its recent acquisition of Italian insurer Nobis. The two deals show how AXA is seeking to leverage insurtechs to gain scale in Italy, he adds. \"We like the Prima deal but we do note some industry skepticism around margins and note that Axa doesn't have the best track record in acquiring direct motor insurers,\" he adds. AXA also reported first-half results that were roughly in line with views except for net profit, which was dented by currency fluctuations. Shares fall 6% to 40.1 euros. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 01, 2025 05:18 ET (09:18 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AXAHY","symbol_name":"AXA","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2556589911","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2556589911","pubTimestamp":1754039880,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0918 GMT - AXA's latest acquisition of a direct insurer in Italy is interesting, Citi says in a research note. The French insurer said it is buying a majority stake in Prima for 500 million euros. \"This is an impressive company and 11x multiple seems reasonable,\" analyst James Shuck writes, noting the deal follows its recent acquisition of Italian insurer Nobis. The two deals show how AXA is seeking to leverage insurtechs to gain scale in Italy, he adds. \"We like the Prima deal but we do note some industry skepticism around margins and note that Axa doesn't have the best track record in acquiring direct motor insurers,\" he adds. AXA also reported first-half results that were roughly in line with views except for net profit, which was dented by currency fluctuations. Shares fall 6% to 40.1 euros. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"AXAHY":"AXA","BK4117":"多元化保险"},"translate_title":"安盛(AXA)正在加大保险科技业务的力度以在意大利实现增长——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AXAHY":0.9},"content_text":"0918 GMT - AXA's latest acquisition of a direct insurer in Italy is interesting, Citi says in a research note. The French insurer said it is buying a majority stake in Prima for 500 million euros. \"This is an impressive company and 11x multiple seems reasonable,\" analyst James Shuck writes, noting the deal follows its recent acquisition of Italian insurer Nobis. The two deals show how AXA is seeking to leverage insurtechs to gain scale in Italy, he adds. \"We like the Prima deal but we do note some industry skepticism around margins and note that Axa doesn't have the best track record in acquiring direct motor insurers,\" he adds. AXA also reported first-half results that were roughly in line with views except for net profit, which was dented by currency fluctuations. Shares fall 6% to 40.1 euros. (elena.vardon@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  August 01, 2025 05:18 ET (09:18 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}