Axa reveals 83% profit slide (AFP)

Signs adorn the side of AXA Australia's headquarters in Melbourne, 2004. French insurance group Axa reported an 83 percent plunge in 2008 net earnings that it blamed on asset writedowns and a weaker performance in its life insurance unit.(AFP/File/William West)AFP – French insurance group Axa on Thursday reported an 83 percent plunge in 2008 net earnings that it blamed on asset writedowns and a weaker performance in its life insurance unit.

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