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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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