Axa P&C earnings dip in H1

Underlying earnings after tax at Axa's P&C operations fell
by 6 percent at constant foreign exchange rates to EUR1.2bn for the
first half of the year, amid a challenging investment environment.
Operating income, gross of tax, fell by 5.6 percent to EUR1.7bn
while net income dropped by 15.4 percent to EUR1.1bn.
Gross revenues however, rose by 4 percent to EUR18.8bn, partly
offset by a EUR243mn uptick in claims.
The combined ratio for the division was 96 percent - 0.9
percentage...