Insurance group Axa recorded underlying earnings of E3.3 billion in 2005, representing growth of 24% over the previous year.

Axa said that the results were boosted by strong growth in its Life & Savings and Asset Management divisions. Total assets under management reached E1,064 billion, an increase of 33%, a new record for the group.

Our company-wide project Ambition 2012 was launched in 2005, establishing the objective of becoming the preferred company in our industry through customer satisfaction, said Henri de Castries, chairman of the board at Axa.

We believe that we can achieve our 2012 goals by differentiating ourselves through employee engagement, a superior product offering, and excellent distribution. Axa’s 2005 results show that we are off to a good start in meeting these aspirational objectives.