Our performance over the first six months of this year was strong in an environment that remains agitated and uncertain, attesting to the group’s good health. Underlying earnings are back on the growth track, and net income quadrupled. Our balance sheet remains extremely solid, and solvency ratios are elevated.
The AXA Group was very active during the first half of the year, in line with Ambition AXA, our strategic plan announced on June 1.
We completed the sale of our Australian and New Zealand operations, while also buying out minority interests in Asia, a move that gives us full control over our business activities in Asia. We also sold our property-casualty operations in Canada under satisfactory conditions.