AXA’s H1 Net Income Drops 19% on Hit From Spinoff of Equitable in U.S.

AXA SA’s shift away from life insurance has gotten off to a rocky start. The French financial giant’s first-half net income fell 19% to 2.33 billion euros ($2.5 billion) at constant currencies, missing analysts’ estimates of 2.86 billion euros. The …

from News – Insurance Journal