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AXA slight increase in activity, as well oriented
October 29, 2010October 29, 2010 Add comment0 comments Bez kategorii Bez kategorii

 

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CHI Babyliss Flat Iron


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(AP) - The title Axa rose 0.95% to 13.275 euros today, in line with the CAC

 

40, after the publication of quarterly revenue. The activity of the insurer reached

70.462 billion euros in the first nine months of the year, up 3.5% on

reported and 1% on a comparable basis. This is slightly better than the figure of 70 billion

euros expected by the market. The Life & Savings, which account for almost

half of total sales, rose 0.9% to 43.97 billion euros.

This increase is due to the strong Mediterranean / Latin America,

Central Europe and the East, Southeast Asia and China. This trend was offset by

decreased activity in the United States, France and Japan. Casualty business has experienced

growth of 0.7% to 21.389 billion euros. The turnover of the asset management has

recorded the largest increase, with a jump of 6.2% to 2.463 billion euros, due

mainly of average assets under management higher.
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"The trends in our business over the first nine months of 2010

are in line with those of the first half: we continue to favor a growth

lective, "said Henri de Castries, CEO of the group. "This will allow us to short-term

adapt to the current environment, improve profitability when necessary and

be ready to accelerate growth over the medium term, "he added.
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