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01/2026

PRIMA ASSICURAZIONI acquired by AXA

ITALY Insurance EV 500M - 1.5b EUR

Context

Axa acquired a 51% stake in Prima Assicurazioni for EUR500 million. The deal includes put/call options for the remaining 49% based on future earnings. This strategic move allows Axa to double its motor insurance footprint in Italy and leverage Prima's best-in-class digital distribution technology.

PRIMA ASSICURAZIONI, which reported an EBITDA margin of in 2025, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Financial Services sector (12.2x).

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Target

A leading European digital Managing General Agent (MGA) and Insurtech. Prima specializes in direct-to-consumer insurance for motor (car, motorcycle) and home (MRH), using advanced data analytics and a proprietary tech platform.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2025
2024

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REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 750M - 1.3b EUR

EBITDA range: 100M - 200M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of PRIMA ASSICURAZIONI by AXA are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: prima assicurazioni

Acquirer: axa