Half year 2011 Earnings - In line with Ambition AXA
Strong earnings growth
- Underlying Earnings up 10% to Euro 2.2 billion
- Adjusted earnings up 7% to Euro 2.4 billion
- Net Income quadrupled to Euro 4.0 billion
Substantial increase in new business profitability
- Life & Savings NBV margin up from 21% to 26%
- Property & Casualty current year combined ratio down 3.8 pts to 99.2%
Strong sales in high growth markets with high new business margins