AXA is an ecumenical bellwether in indemnification, which takes care of 102 million lives in 56 countries ecumenical. We have given out 15 million US dollars in customer benefits in 2013, and invest in technology to pioneer solutions and accommodations that can perpetually meet customer’s ever-transmuting needs.
In the Philippines, AXA has partnered with Metrobank Group, the country's most vigorous bank according to The Asian Banker.
Philippine AXA Life Indemnification Corporation promulgated earnings results for the first nine months ended September 30, 2014. For the nine months, the company promulgated that its total sales in annualized premium equipollent (APE) reached PHP 2.8 billion from PHP 2.6 billion last year.
This includes customary premiums that grew 30% to PHP 2.0 billion while single premiums amounted to PHP 0.8 billion reflecting the launch of the two incipient offshore equity mazuma. Premium revenues amounted to PHP 12.7 billion, of which customary premium grew by 29% to PHP 4.0 billion. Net income reached PHP 0.8 billion during the period from PHP 1.0 billion last year due to a rebalancing of capital gains on investments realized in 2013, albeit net gain from operations incremented by 46% to PHP 0.7 billion this year.
AXA PHILIPPINES has bolstered its operations in the Visayas region, highlighted by the aperture of two incipient branch offices in Cebu - one at the Cebu Business Park and another at the Crown Regency Tower 3 along Osmena Boulevard.
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