European debt crisis led to the insurer profit and loss.

AXA and Zurich monetary companies in Europe of sovereign personal debt crisis, a sequence of organically grown disasters, as well as the weak need in the present market for existence insurance plan products and companies and lots of stress.

Insurer, AXA and Zurich monetary companies in Europe by present market capitalization rated next and 3rd cartier roadster chronograph watch respectively disclosure of its fiscal twelve weeks 2011 standard performance report, the shares fell 5.4% and 2.4% respectively.

In fiscal twelve weeks 2011 standard performance declaration released Thursday, the French insurance plan business AXA, most ideal after adjusted earnings fell 15 percent, even although Zurich monetary companies adjusted working revenue fell twelve percent. The two businesses said, will preserve the earlier respective 0.69 euros every write about and 17 Swiss franc dividend unchanged.

At exactly the identical time, the world's major credit rating rating company Moody's traders support on Thursday lowered its monetary power rating in the quantity of businesses from the industry, which consists of Generali and Allianz, France's personal debt to Italy and Spain there is identified like a opportunity as a end result of the actuality these businesses exposure. Moody's also stated which has AXA, France as well as the United Kingdom's next largest insurer Aviva's credit rating rating outlook lowered away from your earlier "stable" to "negative". cartier watches replica.

The statistics show that AXA extracted Greek sovereign personal debt held in the write-down, the scale is equivalent to 78% of its holdings proportion. financial settlement in the proportion fell from 178% to 148%. 

The chairman of AXA CEO Henri de Castries said: "The present circumstance in the company's harmony sheet is definitely an essential focus, but we hold on to acquire exceptional effects in spite of the hard atmosphere in the market, which could be generally many thanks strategic uses implemented in the company, effective, and energetic cash allocation in increased enlarger markets. "

France's AXA, stated in an earnings declaration released fiscal twelve weeks 2011 away from your earlier twelve weeks to replica Chanel Tote Handbags 27.5 billion euros in net revenue to 4.32 billion euros. Zurich monetary companies business in last year's net revenue most ideal after taxes accelerated by 10 % to dollar 3.8 billion. accelerated expenses as a end result of organically grown disasters and reached dollar one billion.