Axa: 1% increase in interim earnings.
(CercleFinance.com) - AXA reported H1 earnings that are up 1% at 3.
3 billion euros, mainly thanks to higher operating income in non-life, savings, pensions and asset management.
The insurance company's revenues were flat at 54.3 billion euros, while growth at the non-life business (+1%) and asset management (+6%) was offset by a decline in life assurance, savings and pensions (-1%).
Net inflows in life savings and pensions reached +3.0 billion euros, mainly boosted by providence and health insurance, which contributed +4.3 billion euros, unit-linked products of +1.0 billion euros, as well as income from general funds, which contributed +0.7 billion euros.
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3 billion euros, mainly thanks to higher operating income in non-life, savings, pensions and asset management.
The insurance company's revenues were flat at 54.3 billion euros, while growth at the non-life business (+1%) and asset management (+6%) was offset by a decline in life assurance, savings and pensions (-1%).
Net inflows in life savings and pensions reached +3.0 billion euros, mainly boosted by providence and health insurance, which contributed +4.3 billion euros, unit-linked products of +1.0 billion euros, as well as income from general funds, which contributed +0.7 billion euros.
Copyright (c) 2017 CercleFinance.com. All rights reserved.