France’s AXA Group announced that consolidated revenues had risen 28.9 percent (14 percent on a comparable basis, which reconciles currency fluctuations and accounting procedures) to a record €61.8 Billion ($53.15 billion) for the first nine months of the year.
The main gains came in AXA’s life insurance and savings activities, which increased by 11.8 percent, on strong performances in France, up 25 percent, Belgium, up 25.3 percent and the U.S., up 10.7 percent. Property and casualty activities showed only modest gains of 3.3 percent overall to €11.965 ($10.29 billion).
The figures include the revenues of AXA Financial, AXA’s U.S. subsidiary, which in turn reflects income from investment bank Donaldson, Lufkin & Jenrette, which has since been sold to Credit Swiss First Boston, and the newly acquired fund manager Sanford Bernstein.
Banks Still Face Legal Claims After $25 Billion Settlement
MF Global Judge to Examine Insurance Payments for Former Executives
Daredevil CEOs May Put Companies at Risk
California Independent Contractor Law May Be Liability for Agents, Brokers
North Carolina Continues Auto Regulation Debate As Rates Stay Same for 2012
Long-time California Lobbyist Looks to 2012 Legislation Affecting Insurance
Mine Safety Chief Seeks to End Complacency Over Safety
Virginia Court Grants Rehearing of Global Warming Claims Case
