Insurance Day
Strong p/c activities bring net earnings boost for Axa
By Fabien Buliard, Paris and Jon Guy, London
FRENCH insurance giant Axa yesterday reported better-than-expected net earnings for 2003, at E1bn ($1.2bn), up 6% over 2002
figures, thanks to a strong performance in its property/casualty (p/c) activities. Underlying earnings grew by 21%, at E2.03bn.