Insurer AXA’s H1 Net Income Plunges by 40% on $1.8B Charge for COVID-19 Claims

AXA SA’s profit sank in the first half as it booked a 1.5 billion-euro ($1.8 billion) charge for claims related to COVID-19 and warned of further shocks from the pandemic. The French insurer saw net income fall 39% from the …

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