AXA 9-Month Revenue Rises to EUR76 billion
November 03 2016 - 12:34PM
Dow Jones News
By Noemie Bisserbe
PARIS--French insurer AXA SA (CS.FR) Thursday reported a rise in
total revenue in the first nine months of 2016, boosted by higher
sales in its property and casualty insurance business.
Europe's second-largest insurer by market value said revenue
rose to 76 billion euros ($84.72 billion) in the nine months to the
end of September from EUR75.3 billion a year earlier.
Revenue at its life and savings division slipped 0.9% to EUR44.2
billion, while property and casualty revenue was 2.3% higher at
EUR25.4 billion.
Asset management revenue fell 6.5% to EUR2.7 billion.
The company said its solvency ratio--a key measure of an
insurance company's financial strength--stood at 191% at the end of
September.
Matthew Dalton in Paris contributed to this article.
Write to Noemie Bisserbe at noemie.bisserbe@wsj.com
(END) Dow Jones Newswires
November 03, 2016 13:19 ET (17:19 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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