From 2017’s €6.2 billion (around NZ$10.2 billion) to last year’s €2.1 billion (around NZ$3.48 billion) – that’s how much major insurer AXA saw its full-year profit fall, with a number of reasons to blame.
Releasing its financial results this morning, the Paris-headquartered group noted that the slight increase in its adjusted earnings was more than offset by several culprits. At constant Forex, adjusted earnings rose only 3% (0% on a reported basis) to €6.5 billion.
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