Press meeting
Summary of the presentation
- 1. Full Year 2008 Earnings
- 2. Cautionary statements concerning forward-looking statements
- 3. Definitions
- 4. AXA at a glance
- 5. Table of contents
- 6. Today's key messages
- 7. 2008 was the perfect storm for the broad financial markets
- 8. In this adverse environment, AXA was not immune
- 9. Yet AXA's FY08 performance remained resilient
- 10. Revenues - Resiliency in an unprecedented market environment
- 11. Revenues - Contrasted growth per region
- 12. Underlying Earnings - Performance at the upper end of Management guidance
- 13. Underlying Earnings - Growth in continental Europe offset by the United States
- 14. Adjusted Earnings, Net Income and Dividend
- 15. 2008 was also a year where AXA has further increased its reach
- 16. Increasing client and employee trust makes us confident in the future
- 17. Table of contents
- 18. Summary
- 19. Total Underlying Earnings - At the upper end of Management guidance
- 20. Life & Savings Underlying Earnings - Negatively impacted by technical margin
- 21. Property & Casualty Underlying Earnings - Growth driven by a very strong technical result
- 22. Property & Casualty - Profitable growth as a result of higher revenues and lower combined ratio
- 23. Asset Management revenues - Impacted by adverse market conditions
- 24. Asset Management Underlying Earnings - Benefiting from non-recurring items
- 25. Adjusted Earnings - Benefiting from proactive dynamic hedging of equity portfolio
- 26. Net income - Understating the 'economic' profitability of the Group
- 27. Shareholders' equity - Impacted by lower unrealized capital gains on equities
- 28. General Account asset portfolio - Quality and diversification
- 29. Solvency - Capital management flexibility
- 30. Table of contents
- 31. 2009 business priorities - Maintaining our strategic journey
- 32. 2009 business priorities - Preserving profitability in Life & Savings
Questions / Answers
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