Insurance Post

Axa UK earnings down

Net income at Axa for the second half of 2003 rose to $995m (£518m) in 2003 from $140m (£73m) the year before. Total net income for 2003 rose 6% to $1.25bn, though UK earnings were down.

In the UK and Ireland, Axa’s adjusted earnings were down £27m to £72m in 2003 (2002 £99m). Axa said that good progress was achieved in general insurance activities with an improvement (excluding

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