February 28, 2008
“2007 was another year of solid performance, with underlying earnings per share growth outpacing our
Ambition 2012 target” said Henri de Castries, Chairman of AXA’s Management Board.
“The reported numbers reflect the combination of a strong organic growth in all our business lines, the
successful integration of Winterthur and confirm that the strength of our balance sheet is not affected by
the subprime crisis.”
“In the context of a less favorable macroeconomic environment since the beginning of the year, AXA
should achieve positive revenue and underlying earnings growth in 2008.”
AXA RECORDS SOLID PERFORMANCE IN FULL YEAR 2007:
UNDERLYING EARNINGS UP 27% TO EURO 5.0 BILLION (UP 15% ON A COMPARABLE
ADJUSTED EARNINGS UP 22% TO EURO 6.1 BILLION (UP 14% ON A COMPARABLE BASIS)
NET INCOME UP 11% TO EURO 5.7 BILLION (UP 7% ON A COMPARABLE BASIS)
PROPOSED DIVIDEND OF EURO 1.20 PER SHARE UP 13%
Important note : this press release presents AXA’s FY 2007 earnings.
- The definition of change on a comparable basis is:
For activity indicators, constant exchange rates and scope (notably Winterthur’s contribution is
included in 2006 and 2007 figures). For earnings and profitability indicators, constant exchange rates
(excluding Winterthur both in 2006 and 2007).
- Following AXA’s exit from the Dutch market, AXA Netherlands earnings have been reclassified in
“discontinued operations” in all periods.
- Non-GAAP measures such as underlying earnings and adjusted earnings are reconciled to net income
on page 3 of this release.
- All full year 2007 information coming from AXA’s consolidated financial statements is subject to
completion of audit procedures by AXA’s independent auditors.
EARNINGS & DIVIDEND PER SHARE
Notes are on page 11
FULL YEAR 2007 KEY HIGHL