2004 Annual results
Press meeting - February 24th, 2005
Press Meeting
Summary of the presentation
- Full year 2004 Earnings, February 24, 2005 - Press Conference
- AXA 2004 results saw strong growth acceleration driven by operating efficiency ...
- Underlying earnings were driven by profitable top line growth
- AUM increased, and we saw a continuing shift among customers towards Unit Linked products ...
- ... strongly enhancing Life & Savings New Business Value
- 2004 also benefited from solid new business in P&C combined with underwriting discipline
- Adjusted Earnings benefited from continued recovery of financial markets
- Increased dividend to be proposed at the General Assembly
- 2004 : a very good year across the board
- AXA delivered diversified and profitable revenue growth ...
- AXA delivered diversified and profitable revenue growth ...
- Axa's 2004 revenue diversification
- We have a solid financial structure
- Strong 2004 underlying performance with double-digit growth
- P&C : significant progress over the last 3 years
- International Insurance : Underlying earnings up 10% to Euro 155 million
- Asset Management : Underlying earnings more than doubled to Euro 316 million
- Life & Savings : very solid underlying performance
- Life & Savings : gross margin growing faster than expenses
- Summary
- Embedded value - a key concept to value our businesses
- Other key indicators : NBC / NBV / APE margin
- 2004 EV scorecard : progress made on all key indicators
- 2004 Life & Savings New Business Margins are above 2000 levels
- For AXA, Financial Protection is a growth business ...
- We see profitable growth in ... the US
- We see profitable growth in ... France (1)
- We see profitable growth ... in France (2)
- We see profitable growth in ... the US
- We see profitable growth in ... Japan
- We are making progress in the UK
- In a challenging environment ...
- ... AXA is solid and positioned for growth ...
- ... and AXA can still leverage its strenghts
- Over the medium to long term we see sustainable organic growth
Questions / Answers
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