Axa Quarterly Revenue Rises on Property & Casualty Premiums

Axa SA, France’s largest insurer, said first-quarter revenue gained 1 percent, helped by higher prices and volumes from property & casualty operations especially in Germany, the U.K. and faster-developing nations like Turkey.

Sales rose to 31.8 billion euros ($36.6 billion) from 31.5 billion euros a year earlier, the Paris-based company said in a statement Tuesday. Revenue at the insurer’s life and savings business, its largest, was almost unchanged at 17.4 billion euros, while property-and-casualty premiums rose about 2.6 percent to 11.7 billion euros, the firm said.