French insurance giant AXA revenue remains stable

08:35, May 06, 2011      

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AXA, France's largest insurance group, reported Thursday that revenues remained almost unchanged in the first quarter compared to the same period last year.

AXA reported that revenues stood at 27.92 billion euros (41.39 billion U.S. dollars) compared to 27.91 billion euros (41.37 billion U.S. dollars) in the first quarter of 2010, the group said in its financial report.

Its main activity of life insurance and saving generated revenue of 15.92 billion euros (23.61 billion U.S. dollars), compared with 16.54 billion euros (24.54 billion dollars) for the same period last year.

Revenues of property and casualty rose by 6.4 percent to 9.84 billion euros (14.60 billion dollars), while asset management operations contributed 827 million euros (1.23 billion dollars) in the quarter, up 2.2 percent year on year.

Source: Xinhua
 
 
     
 
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