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AXA

Article Abstract:

AXA is a French insurer and is performing better than average for the French insurance market. The company acquired The Equitable and has improved its performance. AXA has benefited from its strong presence in the US markets for asset management and securities. The company is also developing business in Asia. These international activities have helped protect AXA from problems in the French real estate industry. The company is likely to carry out more acquisitions due to its strong position.

Publisher: FT Business
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996

Company Profile, AXA Corp.

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UAP

Article Abstract:

Union des Assurances de Paris (UAP) has had to carry out write-offs linked to real estate activities. The company has offloaded around 40% of its real estate portfolio so is better able to focus on its insurance activities. UAP's insurance operating earnings were up by 14% in 1st half 1996. Banque Worms has still reported a loss, but this has been reduced. The company's earnings for full-year 1996 are forecast at some 1.7 billion French francs.

Publisher: FT Business
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996

Union des Assurances de Paris

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Subjects list: Management, Insurance industry, Insurance

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