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Author Topic: AXA Philippines  (Read 723 times)

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AXA Philippines
« on: June 03, 2010, 07:24:41 PM »
By CHINO S. LEYCO
Manila Bulletin

AXA Philippines said that it sees premium revenues to grow by 40 percent this year from P4.4 billion in 2009 due to the strong comeback in investment-linked products in the past three months.

Rien Hermans, AXA Philippines chief executive, said the company expects that the strong comeback in investment-linked products will be sustained in the remaining months of the year.

Hermans added AXA projects that in the first six-months income to increase by 60 percent from the same period last year as it posted 87 percent growth to P349.4 million in the first-quarter from P187.3 million.

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