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Axa: FY earnings up 8%

(CercleFinance.com) - AXA has reported FY earnings that are up 8% at 6.
2 billion euros, with underlying earnings that are up 8% at 6.5 billion euros, reflecting the growth in operating profit and an increase in net capital gains made.

At 98.5 billion euros, insurer's revenues were fairly stable at constant exchange rates (-2% as reported). The Solvency II ratio reaches 205% at the year-end, up eight points relative to 31 December 2016.

A dividend of 1.26 euro per share, up 9%, will be proposed at Axa's AGM of 25 April. The distribution rate would correspond to 49% of underlying income, net of interest costs.

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