full year 2005 for questions and concerns regarding this financial supplement please contact kevin molloy vice president 212 314 2893 http www axa com en investor contribution by to international reporting standards ifrs results table of contents highlights 2 13 operations assets under management 14 consolidating balance sheets 15 non subordinated debt 19 income statements format 20 advisory insurance life & savings us statement formatf 21 analysis net revenues 22 sales total including mony distribution channel 23 first 24 excluding 25 26 27 28 from the 29 consolidated product 30 deferred policy acquisition costs 31 future benefits policyholders account balances 33 gmdb gmib reserves 36 investment
