AXA records solid performance in full year 2007

"2007 was another year of solid performance, with underlying earnings per share growth outpacing our Ambition 2012 target" said Henri de Castries, Chairman of AXA's Management Board.
"The reported numbers reflect the combination of a strong organic growth in all our business lines, the successful integration of Winterthur and confirm that the strength of our balance sheet is not affected by the subprime crisis."

"In the context of a less favorable macroeconomic environment since the beginning of the year, AXA should achieve positive revenue and underlying earnings growth in 2008."

Important note: the press release presents AXA's FY 2007 earnings.

• The definition of change on a comparable basis is:
  For activity indicators, constant exchange rates and scope (notably Winterthur's contribution is included in 2006 and 2007 figures). For earnings and profitability indicators, constant exchange rates (excluding Winterthur both in 2006 and 2007).
• Following AXA's exit from the Dutch market, AXA Netherlands earnings have been reclassified in "discontinued operations" in all periods.
• Non-GAAP measures such as underlying earnings and adjusted earnings are reconciled to net income on page 3 of this release.
• All full year 2007 information coming from AXA's consolidated financial statements is subject to completion of audit procedures by AXA's independent auditors.