AXA Insurance leads Tadawul-listed growth companies for 7 years

Mr. Babar Khan, Chief Financial Officer at AXA Cooperative

AXA Cooperative Insurance Co. came on top Tadawul-listed growth companies for the last seven-year period ended in March 2021, according to a recent study by Argaam, the key provider of financial information and analyses in the Saudi market.

The insurer also ranked first among top growth companies for the five-year period ended March 2021, as it solely recorded a comparative profit growth for 20 consecutive quarters, when compared to other listed market players.

AXA Insurance posted a 557% surge in net profit during the five-year period ended March 2021, translating into a compound annual growth rate (CAGR) of 45.7%.

AXA’s profit jumped from SAR 22.2 million for the 12-month period ended March 2016 to SAR 145.8 million in the 12-month period ended March 2021. 

“At AXA Cooperative, we are focused on sustainable growth and long-term value creations for both our customers and shareholders. AXA Cooperative is present in the region for over 30 year and one of the top five insurance companies in the Saudi market,” said Mr. Babar Khan, Chief Financial Officer (CFO) at AXA Cooperative.

“AXA's purpose is to empower people to live better. Every employee throughout our organization shares this purpose as we tailor our services and solutions to each customer. However, AXA values, vision, and beyond is to put our customers first is only part of the story, as we move forward every day, guided by our four core values: Customer First, Integrity, Courage and One AXA,” Khan added.

AXA is focused on helping the world better face climate risks, while extending protection and risk knowledge for the public, in an attempt to contribute to global economic development and to become a reliable partner of customers in the region.

AXA offers wide range insurance products and services to corporate, SME, and individual customers. The company has three regional offices with Saudization of over 75%.

"Argaam Tools": Top Growth Companies