AXA posts net profit of 6.21b euros
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Paris
FRENCH insurer AXA posted higher-than-expected 2017 net profits and stronger earnings in the United States, ahead of the planned flotation of its American life insurance and asset management businesses in the second quarter this year.
AXA, which ranks as Europe's second-biggest insurer in terms of market capitalisation behind Germany's Allianz, reported earnings per share growth at the top of its targeted range of 3 to 7 per cent a year in 2016-2020.
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