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Axa reports 2% rise in underlying earnings

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Axa has reported underlying earnings in 2011 of €3.9bn – a 2% rise on 2010.

The company added that its current year combined ratio improved to 99.6%, an improvement of 2.9 points on the 102.9% reported in 2010.

Property and casualty revenues increased by 3.5% to €27.0m, while

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