Insurer AXA 2007 sales surge higher

Axa posted higher 2007 turnover today with revenue boosted by its recent takeover of Swiss insurer Winterthur.

Axa posted higher 2007 turnover today with revenue boosted by its recent takeover of Swiss insurer Winterthur.

Europe's second-biggest insurer said life and savings new business sales on an annual premium equivalent basis rose 24 per cent to €7.694 billion.

Axa shares closed down 1.2 per cent at €23.32 yesterday. The stock has fallen around 16 per cent since the start of 2008 and fell 11 per cent last year.

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