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CS Axa

32.64
0.43 (1.33%)
07 May 2024 - Closed
Delayed by 15 minutes
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
  0.43 1.33% 32.64 32.56 32.80 32.73 32.34 32.36 3,325,078 16:40:00

Genworth to Sell Lifestyle Insurance Business to France's AXA

22/07/2015 9:08am

Dow Jones News


Axa (EU:CS)
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By Inti Landauro

PARIS--U.S. insurance company Genworth (GNW) Wednesday said it is holding exclusive talks with French insurer AXA (CS.FR) to sell its lifestyle protection insurance business for about $510 million.

Genworth expects an after-tax loss of about $310 million in the second quarter of 2015 related to the expected sale and pension settlement costs, the U.S. company said.

Lifestyle protection insurance helps policyholders cover debt obligations after severe events such as accidents, illness or job loss prevent them from meeting payments.

-Write to Inti Landauro at inti.landauro@wsj.com

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Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=FR0000120628

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