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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Axa | EU:CS | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.44 | -1.38% | 31.43 | 31.31 | 31.60 | 32.00 | 30.50 | 32.00 | 5,611,738 | 16:40:00 |
From May 2019 to May 2024
By Noemie Bisserbe
PARIS--French insurer AXA SA (CS.FR) on Thursday reported a 2% increase in first-half net profit as a strong asset management business helped offset lower life and savings revenue.
Europe's second-largest insurer by market value said net profit increased to 3.27 billion euros ($3.87 billion) in the first six months of the year from EUR3.21 billion a year earlier. That was above analysts' estimate of EUR3.18 billion, according to data provider FactSet.
Revenue rose to EUR54.28 billion from EUR54.04 billion a year ago.
Life and savings annual premium equivalent, known as APE, was up 1% at the end of June. APE measures new business growth for life insurance by combining the value of payments on new regular premium policies, and 10% of the value of payments made on one-time, single-premium products.
-- Write to Noemie Bisserbe at noemie.bisserbe@wsj.com
(END) Dow Jones Newswires
August 03, 2017 01:14 ET (05:14 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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