Allianz vs AXA (ALV.DE vs CS.PA)

Allianz (ALV.DE) vs AXA (CS.PA) in plain English: P/E, growth, margins, debt and dividend side by side, key differences and which fits each investor profile.

Allianz (ALV.DE) and AXA (CS.PA) compete in insurance. Here are Allianz and AXA side by side with their real figures as of November 4, 2026: what sets them apart, which fits each kind of investor and the most common questions, without telling you whether to buy Allianz or AXA.

Allianz vs AXA: the figures

Allianz and AXA figures from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026; N/A means that Allianz or AXA figure is not available, and we never estimate it.

3 key differences between Allianz and AXA

1. Dividend: AXA yields 5.39% at today's price and Allianz yields 3.88%.
2. Growth: Allianz grew sales +12.1% year on year in its latest quarter, against +4.5% for AXA.
3. Valuation: Allianz trades at 15.0x its annual earnings and AXA at 12.2x; the market pays more for each dollar of Allianz profit, usually because it expects more growth.

Allianz or AXA: which fits your profile

• If you want growth: Allianz is growing faster today, so it fits better with investors who put business growth first, usually accepting a higher P/E and a bumpier ride.
• If you want income (dividends): AXA pays the higher dividend relative to its price.
• If you prefer caution: AXA has a less volatile share price, which usually gives more room in a bad year.
• If price is what matters most to you: AXA trades on the lower P/E; check first whether that is an opportunity or a sign of a business that grows less.

Neither Allianz nor AXA wins on everything, and owning both is also an option: spreading money across several companies or an index fund reduces what rides on each one.

How Allianz and AXA make money

Allianz (ALV.DE)

Allianz runs three businesses: Property-Casualty insurance (auto, home, commercial), its largest by revenue; Life/Health, which includes savings and retirement products; and Asset Management, home to PIMCO and Allianz Global Investors, which earn fees for managing other people's money. It operates across Europe, the Americas and Asia. Full Allianz analysis.

AXA (CS.PA)

AXA collects insurance premiums in three lines: Property & Casualty (auto, home and commercial, including AXA XL for large corporate risks), its largest; Life & Savings; and Health. It operates mainly in France, the rest of Europe and Asia, and profits both from underwriting and from investing the premiums it holds. Full AXA analysis.

Frequently asked questions: Allianz vs AXA

Is Allianz or AXA the better stock?

Choosing between Allianz and AXA depends on what you are looking for. Allianz is growing faster right now, and AXA trades on the lower P/E. Fintols does not tell you whether to buy Allianz or AXA: it shows you the differences so you can decide.

Which pays a higher dividend, Allianz or AXA?

As of November 4, 2026, AXA yields 5.39% and Allianz yields 3.88%. Also check how much of their profit Allianz and AXA pay out: if it is more than they earn, it cannot last.

Which is more expensive, Allianz or AXA?

On P/E, Allianz (15.0x) is more expensive than AXA (12.2x) as of November 4, 2026. A higher P/E can be justified if earnings grow faster, so compare it with each company's growth in the table.

Can I own both Allianz and AXA?

Yes. Many people spread their money across several companies, such as Allianz and AXA, or use index funds so they do not depend on just one. If you are starting out, decide how much you want to invest and for how long before buying Allianz or AXA.

More comparisons with Allianz or AXA

• Allianz vs Munich Re
• Allianz vs Mapfre
• AXA vs Munich Re
• AXA vs Mapfre

More companies like Allianz and AXA: insurance stocks. Educational content about Allianz and AXA, not investment advice.