Half year 2011 Earnings: in Line with Ambition AXA
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August 4, 2011
published at 2:00 AM CEST
Henri de Castries
Chairman & Chief Executive Officer of AXA (2000-2016)
AXA teams have achieved an excellent performance in the first half of 2011 with resumed earnings growth.
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
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