Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

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."

Click here to receive FREE breaking news email alerts for Axa SA and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Ireland's economy grew for the second consecutive quarter in the three months to June, latest figures from the Central Statistics Office showed Thursday. Gross domestic product grew a seasonally adjusted 1.5 percent sequentially following 2.8 percent expansion in the first quarter, revised from 2.7... A historic referendum that decides the future of Scotland has begun. The Scots are voting Thursday on whether Scotland should become an independent country or stay in the United Kingdom. Voting opened at 7am local time in more than 2,600 polling stations, where voters are given the "Yes" and "No" options to the referendum question: "Should Scotland be an independent country?." More than four milli The European Central Bank announced Thursday the results of its first targeted longer term refinancing operation, or TLTRO, which is aimed to boost liquidity at Eurozone banks to help revive lending to small businesses and households. The central bank announced that 255 bidders were allotted EUR 82.60...
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.