AXA's 3Q revenues up 1% to EUR 68.4 billion

22 November 2012 — Vlad BOLDIJAR
axa-6For the first nine months of the current year, AXA reported a 1.3% growth in total revenues to EUR 68.36 billion, helped by a 4% increase in property and casualty insurance sales, according to 9M 2012 Activity Indicators published by the French group. Including the effects of currency swings, revenues rose 3.7%. "Growth is driven by Protection & Health and Property & Casualty, which are less sensitive to financial markets", commented Denis DUVERNE, Deputy CEO of AXA.

On the life segment, revenues were stable at EUR 40.95 billion (+0.4%), while property and casualty revenues were up 3.6% to EUR 22.22 billion.

"Property & Casualty revenue growth maintained its momentum in most countries driven by our disciplined underwriting policy, both in terms of rates and selectivity, and higher volumes", underlined Denis DUVERNE.

At the same time, International Insurance revenues were up 1.4% at EUR 2.39 billion, while Asset Management revenues were down 5.7% to EUR 2.46 billion.

See the detailed press release on the 9M 2012 results here.

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