Axa Corporate Solutions profit falls as revenues stay flat

Full-year underlying earnings at Axa Corporate Solutions fell 9
percent year-on-year to EUR122mn ($128mn) as revenue growth at the
specialty unit remained flat.
Economic gross revenues at Axa Corporate Solutions stood at
EUR2.3bn for 2016, consistent with the previous year.
Full-year pre-tax underlying earnings at Axa's P&C
division, which includes Corporate Solutions alongside retail and
commercial operations, fell 3 percent year-on-year to EUR3.5bn,
driven by a weaker underwriting performa