AXA Financial Group Profits Up 46% Year To Date

Prague, Aug 8 (CTK) – AXA financial group raised net profit in the Czech Republic and Slovakia by 46 percent year on year to Kc467m in the first half of this year, the group told CTK today.


AXA offers life and non-life insurance, investing and private pension insurance on the two markets where it has over 1.35 million clients. It managed assets worth Kc119bn at the end of the first half of the year.


The improvement came, among other things, thanks to higher effectiveness of digital solutions supporting distribution. Over 80 percent of its contracts were processed electronically in the first six months of this year and nearly a half of all life-insurance claims were settled online.


Wilm Langenbach, AXA Group’s CFO for international and new markets, said he was very content with the business results on the Czech and Slovak markets. He is convinced that AXA’s teams will continue the trend.


The group supports further development of AXA’s brand on the Czech and Slovak markets, including strategic partnerships, Langenbach added.


AXA, a global leader in insurance and asset management, registers 105 million clients in 64 countries and has more than 160,000 employees in total. The value of assets managed by the group exceeded EUR1,439bn at the end of 2017