AXA profit drops 39% in H1 due to COVID-19; CEO stresses 'resilience'

06-08-2020

AXA profit drops 39% in H1 due to COVID-19; CEO stresses 'resilience'

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French insurer AXA reported a decline in half year profit with most notable impact in AXA XL commercial lines. Chief executive Thomas Buberl said the rest of the group was "resilient", with the impacts from COVID-19 claims largely offset by lower frequency in motor and growth in health and asset management.


AXA, 2020 Results, Insurance, Reinsurance, Thomas Buberl, Europe

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