half year 2003 earnings financial supplement table of contents 4 important notes for analysis numbers 7 summary 8 consolidated statement income axa 10 life & savings 12 other countries 14 property casualty 16 p&c 18 international insurance 20 services 22 holding companies 24 net investment results 26 28 30 32 34 36 38 40 operating under margin format and expense ratios 42 44 combined ratio 46 48 corporate solutions 51 exceptionals 52 gross capital gains
