AXA Plans Dividend Cut

NU Online News Service, Feb. 28, 12:57 p.m. EST?The AXA Group, the world's second-largest insurance company behind Amsterdam-based ING, reported a 2002 profit of Euro 949 million ($905.44 million), compared to Euro 520 million ($587.04 million) in 2001.

However, despite gains the company said it plans a dividend cut.

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