Axa Financial Inc. reported Wednesday its second-quarter operating profit rose 19 percent on strong growth in its financial advisor and life insurance business. The firm’s operating profit rose to $322.4 million, or 74 cents per share, from $271.3 million, or 61 cents, in the year-earlier quarter, beating Wall Street expectations of 69 cents per share.
Net profit, including realized investment losses of $39 million, compared to a $184 million gain last year, fell to $291.1 million, or 64 cents per share, from $381 million, or 83 cents per share in the same quarter 1999. Second-quarter net revenue rose 16 percent to $2.78 billion.
Topics Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
Are Software Vendors Holding Insurers Hostage? Build Your Own, Webinar Says 
Hurricane to Threaten Hawaii With Flooding Over Weekend 
Florida OIR Approves Four More HO Rate Cuts as Citizens Keeps Shrinking 
Florida’s Commercial Clearinghouse Plan Hits a Snag, With OIR and Board Concerns 
