AXA: H1 net income up 6%
(CercleFinance.com) - AXA reports H1 2024 net income that is up 6% to E4bn, reflecting a 4% increase in underlying earnings to E4.
2bn on gross written premiums and other revenues that are up 7% to E59.9bn.
Underlying earnings were driven by a 7% increased contributions from property-casualty and life and health insurance, and 8% from asset management, reflecting strong revenue growth in all business lines.
In particular, AXA highlights excellent profitability in commercial property-casualty insurance and good progress on the short-term margin improvement plan in personal property-casualty and healthcare in the UK.
We are confident in our ability to achieve an operating earnings per share growth target for 2024 that is in line with our 6-8% target over the plan horizon, management says.
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2bn on gross written premiums and other revenues that are up 7% to E59.9bn.
Underlying earnings were driven by a 7% increased contributions from property-casualty and life and health insurance, and 8% from asset management, reflecting strong revenue growth in all business lines.
In particular, AXA highlights excellent profitability in commercial property-casualty insurance and good progress on the short-term margin improvement plan in personal property-casualty and healthcare in the UK.
We are confident in our ability to achieve an operating earnings per share growth target for 2024 that is in line with our 6-8% target over the plan horizon, management says.
Copyright (c) 2024 CercleFinance.com. All rights reserved.