The French group Axa, the second largest European insurance company after the German Allianz, saw profit and dividend growth nel 2013, although less than what analysts had predicted. Axa Assurances reported a 10% year-over-year net income growth thanks in particular to the contribution of the property-and-casualty division despite slowing expansion in Asia.
Net profit thus rose from 4,06 billion euros to 4,48 billion, but did not beat the expectations of analysts who had estimated a net profit of 4,8 billion. As a result, the share lost 1,69% on the Paris stock exchange, slipping to 19,22 euros.
