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|PARIS, pharmacies canadiennes Aug 2 (Reuters) - Axa posted a 180% |
surge in first-half internet revenue on Monday because the French insurer rebounded
from a spike in pandemic-associated claims that led to a 1.5 billion euro ($1.Eight billion) cost last year.
Europe's second-largest insurer after Allianz mentioned
it made nearly four billion euros of net profit in the first
half, Apotheke greater than double
the 1.Forty three billion euros a 12 months earlier.
It mentioned its firm-centered Axa XL unit, pharmacies canadiennes hit last
12 months by enterprise interruption and occasion cancellation claims, recorded 619 million euros in underlying earnings from
an 843 million euros loss a 12 months in the past.
Axa Chief Govt Thomas Buberl instructed reporters a turnaround at the unit was showing its first outcomes.
Buberl also mentioned in a statement. Axa's underlying profit rose 93% in the first
half to 3.64 billion euros. Excluding final yr's COVID-19 associated claims, underlying earnings rose by
12%, Axa added. Shares in Axa were up 3.29% at 0845 GMT, topping France's CAC 40 index.
Jefferies said in a notice. Nonetheless, pharmacies canadiennes
Axa warned that July's devastating floods in Germany
and Belgium will price it around four hundred million euros earlier than tax and web of reinsurance in a preliminary estimate.
The company in June reached a 300 million euro settlement with restaurant homeowners in France over pandemic-related insurance claims.
Chief Financial Officer Alban de Mailly Nesle said practically half
of the restaurant homeowners involved had expressed interest within the settlement.
In a separate assertion, Axa said its board of directors had proposed renewing Buberl's mandate as CEO
and farmacie board member.pharmacies expediant aux etats-unispharmacies expediant aux etats-unis canadiennes
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