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
Stocks fluctuated over the course of the trading day on Wednesday before ending the session mostly higher. The Dow and the S&P 500 both finished the day in positive territory, although the tech-heavy Nasdaq posted a modest loss. President Barack Obama spoke harshly of the terrorist group allegedly responsible for the execution of American freelance journalist James Foley in a statement on Wednesday. Obama described the group known as the Islamic State of Iraq and the Levant, or ISIL, as a cancer that needs to be extracted. Setting the stage for a highly competitive general election campaign, former state Attorney General Dan Sullivan emerged victorious in Alaska's Republican Senate primary on Tuesday. Sullivan will face off against Democratic Sen. Mark Begich, D-Ak., in November in a potentially important race to Republican efforts to retake control of the Senate.
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.