Half Year 2005 Earnings Release

AXA Half Year 2005 Earnings

AXA Half Year 2005 Earnings: a very strong performance
Expected strong double-digit 2005 Earnings growth

Half Year 2005 Earnings Pre-Release

Very strong first half 2005* performance

• Underlying earnings up 26% to euro 1.8 billion
• Adjusted earnings up 28% to euro 2.1 billion
• Net income up 31% to euro 2.3 billion

* AXA's independent auditors have carried out a limited review on AXA's consolidated first half 2005 net income. AXA's 1H05 earnings have been prepared in accordance with IFRS and interpretations expected to be applicable and endorsed by the European Commission for the year-end closing 2005.