AXA Group invites you to follow the announcement of the 2014 Half Year Earnings presentation.
London, August 1, 2014
6:00 am (London time) - Press Release & all documents related to the earnings publication available on this page.
2:00 pm (London time) - Presentation and Q&A in London (Live video Webcast available)
=> if you are an institutional investor or sell-side analyst, and would like to attend, please contact the Investor Relations team at +33 1 40 75 48 42.
=> if you are a journalist, please note that a dedicated conference will take place at 08:00 am (London time) in Paris - please contact the Media Relations team for further details.
Henri de Castries Video
"It's a very strong first half, as reflected by the growth in revenues and the earnings. It's the best ever first half for AXA in terms of underlying earnings. I think we are very well aligned with our strategic plan Ambition AXA."
Half Year 2014 Earnings Presentation to analysts and investors
Half Year 2014 Earnings analysts presentation (podcast)
Half Year 2014 Earnings Analysts Presentation Transcript
Activity Report Half Year 2014
Half Year 2014 Earnings - Strong performance in line with Ambition AXA
- Total revenues up 2% to Euro 50 billion
- Underlying Earnings up 11% to Euro 2.8 billion
- Adjusted Earnings up 8% to Euro 3.1 billion
- Net Income up 25% to Euro 3.0 billion
"This half year is another stepping stone to achieving Ambition AXA. The effective implementation of our strategy has delivered strong earnings growth, the highest first half underlying earnings in the company's history", said Henri de Castries, Chairman and CEO of AXA.
"Life & Savings topline is on track to deliver growth for the year while margins are enhanced through our selectivity initiatives. In Property and Casualty we are growing our portfolio and maintaining robust underwriting discipline. Asset Management has recorded stronger net inflows of Euro 14 billion in the first half of this year. Additionally, we continue to implement our efficiency strategy across the Group, and have increased our cost savings target by Euro 0.2 billion to Euro 1.9 billion by 2015."
"As we expand our geographical footprint and strengthen our position in the existing markets, we continue to integrate corporate responsibility in all our activities and embrace the increasingly connected world. This year we became the first global insurer to cooperate with LinkedIn and Facebook. Moreover we partnered with "Alliance for Youth" to help address youth unemployment in Europe."
"Looking ahead, Ambition AXA targets remain our top priority. I am grateful to our clients for their trust and our teams for their commitment which enable us to continue to create value for our customers, shareholders and communities."