1 press release november 10 2004 axa consolidated revenues were euro 54 4 billion for the first nine months of up on a comparable basis good underlying trends across all businesses unit linked sales 11 p&c im net inflows 20 life & savings 34 6 down 0 5 as last year benefited from non recurring premiums in japan and belgium record us which overshadowed strong business mix improvement france increased owing to surge individual during property casualty by 14 favorable pricing environment persisted most lines group attracted new clients asset management 15 2 3 principally due higher average assets under aum 17 compared 2003 result very at market appreciation international insurance declined 9
