AXA’s recently retired CEO, Claude Bebear, must be pleased. The company he built virtually from scratch over the last 25 years just reported its best first half year earnings ever, with growth in all sectors.
Life insurance sales rose 13.8 percent (U.S.13.9 percent); P/C sales increased 3.6 percent, and financial services turned in a strong performance registering overall growth of 36 percent.
The growth came from all sectors, with only p/c sales in the Asia-Pacific Region reporting a downturn. Gross revenue in the period was just under €40 billion ($37 billion) compared to € 31.825 billion ($28.73 billion) in the first half of 1999 – a 28.8 percent increase.
Topics Profit Loss AXA XL
Was this article valuable?
Here are more articles you may enjoy.
Electric Bills in Coal Country West Virginia Now Top Mortgage Payments 
Oil Trader CFOs Say Hormuz Closure Driving Wave of Disputes 
State Farm Paid a ‘Hail’ of a Lot of Claims in 2025 
Amish Mother and 6 Children Killed in Explosion and Fire at Pennsylvania Home 
