2004 Annual Results

News
Group, February 24, 2005

  • 2004 underlying earnings up 34% to euro 2.7 billion
  • Adjusted earnings doubled to euro 2.9 billion
  • Proposed dividend of euro 0.61 per share up 61% compared to euro 0.38 last year
  • Embedded value per share at euro 18.73, up 15%
Photo of Henri de Castries
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"2004 has been a very good year, with all businesses performing well and now on a path towards profitable growth" said Henri de Castries, CEO of the AXA Group.

"AXA teams have built a unique platform in terms of scale and diversification and our 2004 results provide additional proof of the effectiveness of our organization and strategy. All indicators are good. I am particularly pleased with our portfolio evolution: an increase of more than 500,000 new contracts in Property & Casualty, growth in Life new business and New Business Value, and strong net asset management inflows. All demonstrate the attractiveness of our product offering to our clients."