press release january 27 2005 axa consolidated full year 2004 revenues up 1 2 on a comparable basis to euro 72 billion strong recovery in life & savings 4q04 increased approximately 6 leading growth 47 with unit linked sales 14 the revenue was mainly supported by continued premium increase france 9 and as anticipated us compared 4q03 3q04 property casualty 3 17 personal commercial lines growing 4 respectively group attract new clients favorable pricing persisted most business this partly offset further restructuring other asset management benefiting from higher average assets under aum 16 versus 2003 result of very net inflows 35 market appreciation international insurance were declining re reduced
