AXA: strong value creation in 2006
News
Group, April 10, 2007
- Shareholders' equity was Euro 47.2 billion as of December 31, 2006, up 29% compared to December 31, 2005.
- Life & Savings Embedded Value ("EEV") was Euro 38.4 billion in 2006, up 30%, with a total return of 20%.
- Group Embedded Value ("Group EV")1 was Euro 36.3 billion in 2006, up 32%, with a total return of 28%.
- Winterthur's New business Value ("NBV") was Euro 204 million in 2006, up 22%, with an 18.4% NBV/APE margin.
Denis Duverne, CFO of AXA
"Our embedded value figures, for both Life & Savings and total Group, confirm the strong performance delivered by AXA in 2006 and demonstrate the Group's capacity to create value for its shareholders" said Denis Duverne, Member of the Management Board and Chief Financial Officer.
"Winterthur's new business value recorded a solid double-digit growth, as a result of volume and margin expansion.
"In addition, the Winterthur acquisition further reinforces the Group's unique diversification."