 Get Quote: AXA
Financials: Latest Results
Rank: 25 (Previous rank: 14)
CEO: Henri de Castries Employees: 96,999 Address: 25 Ave. Matignon Paris, 75008 Country: France Website: www.axa.com Europe�s second-largest insurer is betting on Asia to drive growth. At the height of the financial crisis, CEO Henri de Castries was forced to drop the firm�s 2012 earnings goasl. And in 2011, the financial climate proved tough amid Europe�s ongoing debt crisis. The firm posted an 82% drop to $423 million second half of the year, hurt by write-downs on Greek sovereign debt and lower sales in life insurance. De Castries in June set a 2015 target to reach annual operating profits of more than 6 billion euros compared with 3.88 billion euros in 2010. Meanwhile, it has scaled back in Canada and the U.K., as the firm aims for 10% annual growth in operating earnings per share through 2015. -- N.H.T. Subscribe to Fortune Magazine |
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