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December, 6, 2016

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AXA posts strong profits, warns cost of airline insurance is rising

PARIS--AXA insurance turned in a surprisingly strong first-half profit on Friday, with a record operating performance, and warned that insurance for airlines may cost more following a recent run of disasters.

The French group with international spread said that net profit jumped by 22.0 percent from the same time last year to 3.0 billion euros (US$4.0 billion).









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