AXA SA’s chief economic Officer Gerald Harlin said the
euro’s decline in opposition to the dollar should assist income in coming
quarters as France’s biggest insurer posted 9-month sales that were little
changed.
sales at some stage in first 9 months of the year had been
sixty nine.6 billion euros ($88 billion) as compared with 69.five billion euros
in the same length in 2013, Paris-based AXA said in a declaration.
Like-for-like sales, which exclude forex swings, rose 2 percent, the insurer
said.
The euro fell approximately 8 percentage in opposition to
the dollar in the 0.33 sector. That have to be “an amazing issue” for AXA’s
income and stability sheet in coming quarters, Harlin instructed reporters on a
conference name. He didn’t difficult further.
AXA’s assets & casualty income rose 3 percent from the
yr-earlier length to about 23.2 billion euros. existence and financial savings
revenue fell 1 percentage to forty one.1 billion euros.
Inflows into AXA’s asset-control gadgets rose to sixteen.3
billion euros inside the first 9 months from 6 billion euros inside the 12
months-earlier period.
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