Axa posts fall in net income in H1
French insurance group Axa saw net income fall to €2.6bn from €4.0bn in the first half of 2012 owing to a non-repeat of the exceptional gains on disposals in 2011.
Total revenues rose to €48,405m from €46,836m, a change of 1% on a comparable basis.
The firm also managed to take 0.8 percentage points off its 2011 first half combined ratio, achieving a COR of 96.4
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