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
HSBC is reportedly laying off about 100 of its senior investment bankers worldwide, as the banking giant strives to curb operating costs. According to reports, the London-headquartered bank will eliminate managing director and director level employees at the Global Banking and Markets division, as... Samsung Electronics Co., Ltd. (SMSN.L, SSNNF.OB, SSNLF.OB) will reportedly blame faulty batteries for last year's Galaxy Note 7 fiasco. According to a Wall Street Journal report, Samsung's investigation of Galaxy Note 7 smartphones found that some batteries were irregularly sized while others had... Federal investigators have closed their probe of a fatal crash that involved a Tesla Motors Inc. car eight months ago. The regulators said they have found no safety defects in the vehicle's automated driving system and that Tesla's Autopilot-enabled vehicles did not need to be recalled.
comments powered by Disqus
Follow RTT