Axa sees H1 profit fall by 17% as derivative losses impact

French (re)insurance conglomerate Axa saw 2019 first half net income fall to Eur2.3bn ($2.54bn), down Eur463mn or 17 percent on H1 2018 after booking charges related to the valuation of its remaining stake in Axa Equitable Holdings and the mark-to-market valuation of derivatives.

 

Want to read this article?

 

For details on how to subscribe or for all commercial opportunities, including advertising, please contact:

Andy Stone

Sales manager

+44 (0) 77 4160 9204

andy.stone@wbmediagroup.com

    Ricky Lamey

    Business development executive

    ricky.lamey@thomsonreuters.com