WorldLeaderinFinancialProtectionandWealthManagement2000ActivityReport•50millionclients•140,000menandwomenworldwide•€80billioninrevenues•€900billioninassetsundermanagement•€2.5billioninnetcashearnings*•€6.38fullydilutednetcashearningspershare*•ROE:13.7%*•Marketcapitalization:€64billionCorporateProfile*AXA’sconsolidatednetearningsbeforegoodwill,excludingnon-recurringevents.163912‘‘Nomatterwhattimeitisinmylife,AXAhasasolution.’’TheAXAGroup.................................................AWordfromthePresidentandtheChairman.....OperatingPriorities:2001-2003.........................AXAanditsClients.............................................AXAanditsDistributors......................................AXAanditsPeople............................................AXAanditsShareholders...................................AXAasCorporateCitizen...................................Operations..........................................................CorporateGovernance/Organization.................OperatingHighlights.........................................FinancialHighlights...........................................AXAintheWorld...............................................Insurance.........................................................InternationalInsurance......................................AssetManagement...........................................ConsolidatedStatementofIncome.....................ConsolidatedBalanceSheet...............................OtherInformation...........................................Simplifiedorganizationchart..............................Addresses.........................................................21015412187624303120262255605952646266ContentsJohanneetDavidTheAXA‘‘Forme,whatcountsisforgingalong-lastingpartnershipwithmyfinancialadvisor,arelationshipbasedonmutualtrust.’’JohanneandDavid1:38p.m.Paris2Group3OtherInformationTheAXAGroupOperationsOperatingHighlightsFinancialHighlightsInsuranceInternationalInsuranceAssetManagementResultsHenrideCastriesPresidentoftheManagementBoardClaudeBébéarChairmanoftheSupervisoryBoard4BuildingourFutureAXAtodayistheresultofaseriesofambitiousobjectivesthathavebeenreachedandthensurpassed,motivatingemployeesandprovidingasenseofdirection.Foranumberofyears,theseobjectivesprimarilyconcernedthesizeoftheAXAGroup:becomeasignificantandthenakeyplayerintheFrenchmarket;establishapositionintheglobalmarket,firstbyacquiringanoperatingpresenceintheUnitedStatesandthenbybecomingoneoftheworld’sprincipalinsurancegroups.Alongtheway,AXAhasalsoenlargeditsbusinessscope,becomingoneoftheworld’spremierassetmanagementspecialists.Today,ourambitionistosettheworldwidestandardinfinancialprotectionandwealthmanagement.Thisdoesnotmeanwehavedecidedtochangeourcorebusiness:itmeanswehavedecidedtotransformthewayweoperateintheinterestofofferingourclients–individualsandbusinessesalike–thesupporttheyneedateverycriticalstageintheirlivesordevelopment.Toachievethisambition,AXAhasanumberofcorestrengths:I50millionclientsworldwide;Iacaptivedistributionforcecomprisedof44,000professionals;Iaglobalbrand;andIauniqueblendofskillsinareasasdiverseasinsuranceunderwriting,long-terminvestment,andfinancialadvice.Whilethesestrengthsareundoubtedlynecessary,theyarenotsufficienttoguaranteesuccess.Achievingourvisionalsorequiresfocusingontheneedsofourthreekeystak...
