AXA completes the acquisition of a majority stake in Prima

AXA has completed the acquisition of a 51% stake in Italian insurtech company Prima for an amount of 500 million EUR (579.7 million USD).

The scope of the transaction includes call and put options granted to AXA and other minority shareholders with a view to a total takeover of Prima by the French group in 2029 or 2030.

The transaction is expected to have a negative impact of 6 points on AXA's Solvency II ratio.