AXA 2003 Profit Up 6%, Boosted By P-C Results
NU Online News Service, Feb. 27, 11:50 a.m. EST?
The Paris-based company said earnings from its p-c business more than tripled on a year-over-year basis to 753 million euros ($951.55 million) in 2003, compared with 226 million euros ($285.59 million) reported in 2002.
AXA said the p-c earnings had helped offset a 20 percent drop in its life insurance operations' underlying earnings to 1.301 billion euros ($1.644 billion) in 2003 from $1.636 billion euros ($2.067 billion) in 2002.
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