2005 Half Year Results
Press meeting - September 22, 2005
Press meeting
Summary of the presentation
- 1) Half Year 2005 Earnings - September 22, 2005
- 2) Glossary
- 3) Table of contents - 1 : Introduction
- 4) AXA continues to deliver very strong underlying earnings growth
- 5) Our profitable growth strategy is found throughout the organization
- 6) Recent targeted operations will fuel future growth
- 7) Regular harvesting of capital gains is adding to adjusted earnings capacity
- 8) The 1H05 activity indicators' evolution fits well into AXA?s profitable growth strategy
- 9) Strongly positive net cash flows demonstrate AXA?s ability to attract and retain clients
- 10) Table of contents - 2 : Overview of financial performance
- 11) Strong double-digit growth of underlying earnings
- 12) Life & Savings: Successful integration of MONY
- 13) P&C earnings boosted by continued combined ratio and investment income improvement
- 14) International Insurance: 1H05 results reflected expense improvement but were impacted by major losses
- 15) Table of contents - 3 : Balance Sheet & Capital
- 16) Shareholder's equity: +15% driven by earnings and market improvements
- 17) Unrealized capital gains attributable to shareholders
- 18) Gearing : strong deleveraging of the balance sheet
- 19) Table of contents - 4 : Conclusion
- 20) 2005 appears to be on the right track
- 21) Achievements and opportunities are encouraging
- 22) Our long term growth prospects are very good
- 23) Disclaimer
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