2006 Full Year Earnings
Press meeting - February 22, 2007
Press meeting
Summary of the presentation
- 1) Full year 2006 Earnings
- 2) Cautionary statements concerning forward-looking statements
- 3) Definitions
- 4) Important notes
- 5) Table of contents
- 6) 2006 top line performance was ahead of our Ambition 2012 targets
- 7) Profitability increases further in all business segments
- 8) 2006 was another year of sustained underlying earnings growth
- 9) A 20% growth in adjusted earnings and proposed dividend
- 10) Ambition 2012 is all about satisfied customers.
- 11) . and committed employees:
- 12) In 2006, we continued to build the foundations of our long term performance by:
- 13) Table of contents
- 14) All business segments show strong performance improvement
- 15) Strong double-digit growth in both activity and profitability
- 16) Life & savings : Sales of unit-linked products up 30%
- 17) New Business Value sharply up in most of AXA's major markets
- 18) Life & Savings recorded double-digit underlying earnings growth in most countries
- 19) Good performance of Property & Casualty in a competitive pricing environment.
- 20) .allowed for further combined ratio improvement.
- 21) .across the board, leading to an increase in underlying earnings
- 22) P&C Renewals: contrasting trends across segments and markets
- 23) Asset Management: solid AUM increase mainly through third party customers.
- 24) . driven by strong net inflows and favorable market evolution in 2006
- 25) Strong revenues and improvement in cost income ratio resulted into 29% Asset Management underlying earnings growth
- 26) From underlying earnings to net income
- 27) Table of contents
- 28) Winterthur FY2006: revenue increase driven by strong life & pensions momentum
- 29) Winterthur FY2006: earnings increase fuelled by technical results, despite lower financial income
- 30) AXA + Winterthur: larger, locally stronger and more diversified
- 31) Winterthur integration in key countries is well on track (1)
- 32) Winterthur integration in key countries is well on track (2)
- 33) Winterthur cost synergies target increased by 25%
- 34) Table of contents
- 35) 2006 was another very strong year in terms of top line performance and earnings growth
- 36) The outlook for 2007 remains favorable
- 37) Conclusion
Questions / Answers
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