By Elena Vardon and Adria CalatayudAXA reported a net profit that was better than expected, buoyed by top-line growth across all segments over the first half of 2024. The French insurer said Thursday reported a net profit of 4.02 billion euros ($4.35 billion) for the six months ended June 30 compared with EUR3.83 billion in the same period last year. On an underlying basis, AXA's earnings were EUR4.24 billion, up 6% on year on a comparable basis. The group reported gross written premiums and other revenue of EUR59.87 billion compared with EUR55.74 billion, driven by growth across all segments. Estimates taken from a company-compiled consensus had net profit at EUR3.82 billion, saw underlying earnings of EUR3.96 billion and expected gross written premiums and other revenue to come in at EUR59.33 billion.

Source: Wall Street Journal August 01, 2024 17:45 UTC