logo
Share SHARE
FONT-SIZE Plus   Neg

Axa Posts Higher Q1 Total Revenues - Quick Facts

AXA (AXAHY.PK) reported an improvement in first-quarter 2012 total revenues to 28.06 billion euros, from 27.57 billion euros in the earlier year quarter, with Life & Savings revenues stable at 15.96 billion euros.

Life & Savings' new business volume or APE rose 2% to 1.67 billion euros from last year's 1.58 billion euros, mainly driven by Protection & Health growth in General Account or G/A Protection & Health business up 6%, partly offset by a 2% decline in Unit-Linked APE and by a 1% drop in G/A Savings business.

Quarterly Property & Casualty revenues advanced by 3% to 9.97 billion euros from 9.51 billion euros in the comparable period in 2011. The company stated, "In Property & Casualty, we increased revenues, benefiting from the growth of our portfolio, sustained pricing and underwriting discipline. High growth markets delivered strong top line performance."

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Delta Air Lines Inc. (DAL) pilots, represented by the Air Line Pilots Association International, are picketing on Friday at several airports across the country. The pilots said the picketing was to raise the sense of urgency in ongoing contract negotiations. The negotiations between the pilots... Charter Communications, and its recently acquired subsidiary Time Warner Cable, have been regularly overcharging its consumers to a tune of $7.2 million per year, according to a report from the U.S. Senate's Permanent Subcommittee on Investigations. According to the report, Time Warner Cable over-billed... Popular photo sharing network Instagram is adding a new translation button on its pages, so that the global crowd can read and enjoy the captions and comments given for the photographs uploaded. The new update will be available from next month onward.
comments powered by Disqus
Follow RTT