Axa: benefits from strong growth in France
(CercleFinance.com) - Axa's Q1 2018 revenues grew by 2% to 30.
8 billion euros.
This growth is mainly thanks to strong growth in France (+8%), thanks to life activities, savings and retirement and health in Europe (+1%) driven by growth in P&C and health in all countries in Asia (+3%), particularly thanks to Hong Kong and Japan, and internationally (+3%), with strong growth in health in Mexico.
However, this growth was partially offset by the US (-3%), with the decline in sales in index-linked products only partially offset by increased revenues at AB.
Net inflows reached 2.5 billion euros, mainly supported by strong net inflows for providence and health.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
8 billion euros.
This growth is mainly thanks to strong growth in France (+8%), thanks to life activities, savings and retirement and health in Europe (+1%) driven by growth in P&C and health in all countries in Asia (+3%), particularly thanks to Hong Kong and Japan, and internationally (+3%), with strong growth in health in Mexico.
However, this growth was partially offset by the US (-3%), with the decline in sales in index-linked products only partially offset by increased revenues at AB.
Net inflows reached 2.5 billion euros, mainly supported by strong net inflows for providence and health.
Copyright (c) 2018 CercleFinance.com. All rights reserved.