World Insurance Report
Axa 2001 results hold up amid reports that group wants to dispose of reinsurance unit
Axa has reported better results for 2001 than expected. Despite the fact that net income was well down at €520mn (US$453.9mn)
for 2001 from €3,444mn in 2000, the result exceeded analysts’ expectations.
Axa blamed the decline on the events of 11 September and poor stockmarket performance.