AXA: H1 earnings down 11%
(CercleFinance.com) - AXA has reported H1 net income that is down 11% at 2.
8 billion euros, although operating income rose by 9% to 3.3 billion euros, reflecting sound resistance in all geographical areas where it operates.
The insurance company highlights an increase in technical profitability, as well as unit-linked management fees, which was partially offset by a reduction in non-recurrent tax items.
"AXA delivered a very strong operating performance in the first half of 2018, with a 6% increase in underlying earnings per share, towards the top end of our Ambition 2020 target range," said CEO Thomas Buberl. "Our simplified operating model is bearing fruit."
Copyright (c) 2018 CercleFinance.com. All rights reserved.
8 billion euros, although operating income rose by 9% to 3.3 billion euros, reflecting sound resistance in all geographical areas where it operates.
The insurance company highlights an increase in technical profitability, as well as unit-linked management fees, which was partially offset by a reduction in non-recurrent tax items.
"AXA delivered a very strong operating performance in the first half of 2018, with a 6% increase in underlying earnings per share, towards the top end of our Ambition 2020 target range," said CEO Thomas Buberl. "Our simplified operating model is bearing fruit."
Copyright (c) 2018 CercleFinance.com. All rights reserved.