AXA SA (AXAHY) Monday reported first-quarter revenues of 28.9 billion euros, up 3 percent from 28.1 billion euros in the comparable quarter last year.
Property and casualty revenues improved 3 percent to 10.2 billion euros from 10.0 billion euros last year. International insurance revenues totaled 1.3 billion euros, up 4 percent from 1.3 billion euros last year.
Asset management revenues increased 8 percent to 0.8 billion euros, driven mainly by higher management fees, due to higher AUM at both AXA IM and AllianceBernstein, and increased distribution fees at AllianceBernstein.
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