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Axa SA said its net profit fell 39 percent in the first half as the global financial crisis hammered earnings at both its life and savings and asset management businesses.
Shares in French insurance giant Axa slid Tuesday after it warned profits would drop this year on higher costs related to the financial crisis, and called its long-term planning "increasingly obsolete."
French insurer Axa SA said its revenue slipped 3.1 percent in the nine months to September 30 on a steep drop in sales of life insurance and savings products in the U.S. and Britain.
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