Axa shares slip on modest results

Axa, the world's largest insurer by sales which owns Guardian PMPA in Ireland, saw its shares slip yesterday after it reported…

Axa, the world's largest insurer by sales which owns Guardian PMPA in Ireland, saw its shares slip yesterday after it reported a modest 3.3 per cent rise in first half profits to #1.2 billion.

Analysts said they were particularly disappointed by the contribution of North American activities to the bottom line and cited poor overall performances in life insurance and property and casualty insurance divisions.

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