AXA: H1 net income down 19%
(CercleFinance.com) - AXA has announced H1 2019 net income that is down 19% (at constant exchange rates) at 2.
3 billion euros, while underlying earnings are up 7% to 3.6 billion earnings, meaning underlying EPS that is up 10% at 1.46 euro.
At 57.95 billion euros, the insurance company's total revenues rose by 4% at constant exchange rates, with a contribution from all its markets and particularly AXA XL (+9%), thanks to strong growth in the property and casualty insurance and specialty lines.
"The Group has reduced its sensitivity to financial markets, created the #1 Global P&C Commercial lines insurance platform and strengthened its position as a world leader in Health insurance," said AXA's CEO Thomas Buberl.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
3 billion euros, while underlying earnings are up 7% to 3.6 billion earnings, meaning underlying EPS that is up 10% at 1.46 euro.
At 57.95 billion euros, the insurance company's total revenues rose by 4% at constant exchange rates, with a contribution from all its markets and particularly AXA XL (+9%), thanks to strong growth in the property and casualty insurance and specialty lines.
"The Group has reduced its sensitivity to financial markets, created the #1 Global P&C Commercial lines insurance platform and strengthened its position as a world leader in Health insurance," said AXA's CEO Thomas Buberl.
Copyright (c) 2019 CercleFinance.com. All rights reserved.