Bloomberg News

AXA Says Nine-Month Sales Declined 4.8% on Life Insurance Unit

October 27, 2011

Oct. 27 (Bloomberg) -- Axa SA, Europe’s second-largest insurer, said nine-month sales fell 4.8 percent on lower revenue at its life and savings unit.

Sales dropped to 65.9 billion euros from 69.3 billion euros a year earlier, the Paris-based company said today in an e- mailed statement.

“We are in line with our strategic plan,” Chief Financial Officer Gerald Harlin said on a conference call with reporters.

To contact the reporter on this story: Stephen Taylor in Paris at staylor8@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net


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