Axa share price up as Paris-headquartered insurer reveals a boost in net income for its 2015 financial year

 
Hayley Kirton
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Axa's success in 2015 was a "collective achievement", says chief exec (Source: Getty)

Share price in Axa rose today after the company revealed growth in its net income for its 2015 financial year.

Net income for the Paris-headquartered company rose to €5.6bn (£4.4bn) for the financial year 2015, up 12 per cent on a reported basis and three per cent on a constant currency basis compared with €5bn the year before.

Total revenues for the company also inched up slightly, rising to €98.5bn, up seven per cent on a reported basis and one per cent on a constant currency basis from €92bn in the financial year 2014.

Share price for the insurer, which is listed on the stock exchange in Paris, rose after the results were released, trading up 2.6 per cent at €20.01 just after 11:30am London time.

Axa chairman and chief executive Henri de Castries remarked that the year's strategic plan had made the insurance company "more resilient, efficient and agile, from the balance sheet to the brand".

"It has been a collective achievement and I would like to warmly thank our clients for their trust and our teams and distributors for their unwavering commitment," de Castries continued.

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