The AXA Group's consolidated revenues for 2004 were Dh339.8 billion, officials said.
"As expected, our competitive product offering and the expansion of the distribution platform contributed to our growth momentum in the fourth quarter of 2004," said CEO Henri de Castries.
On a comparable basis, revenues grew by two per cent compared to 2003, officials said.
On a reported basis, total revenues were up one per cent from 2003 (Dh342.8 billion), mainly driven by organic growth, officials said.
"Total revenues in our life and savings activities have returned to growth in the fourth quarter of 2004, owing to continued strong performance in France, southern Europe and Japan, as well as to an anticipated recovery in the United States and the United Kingdom. In addition, business mix continues to significantly improve as reflected by the increased percentage of unit-linked sales in our total revenues," de Castries said.
The AXA Group employs 117,000 people in more than 60 countries, with more than 50 million customers, officials said.
The Group is investing in the Gulf to develop business in Bahrain, Oman, Saudi Arabia and the UAE, officials said.
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