Article: AXA Consolidated Revenues Were Euro 54.4 Billion for the First Nine Months of 2004 (Up 1.1% On A Comparable Basis).

Good Underlying Trends Across All Businesses:

- Unit-Linked Sales: +11%

- P&C revenues: +4.1%

- AXA IM net inflows: Euro 20 billion

- Life & Savings revenues of Euro 34.6 billion were down 0.5%, as last year revenues benefited from non-recurring premiums in Japan and Belgium, and record sales in the US, which overshadowed a strong business mix improvement in the first nine months of 2004. France revenues increased 10% owing to a surge in Individual unit-linked premiums during the first nine months of 2004.

- Property & Casualty revenues increased by 4.1% to Euro 14.0 billion as the favorable pricing environment persisted in ...

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