* Solvency 1 ratio rises to over 220 pct
* Property & casualty sales up 3.6 pct
* CFO says confident on strategic plan goals
* Talks to sell private equity arm continue
(Adds details, CFO comments)
PARIS, Oct 25 Europe's No. 2 insurer AXA
reported a 1.3 percent rise in nine-month revenues on
a comparable basis on Thursday as strength in areas such as
property and casualty insurance offset weakness in life
Total revenues rose to 68.36 billion euros ($88.66 billion),
helped by a 3.6 percent gain in property and casualty insurance
sales, wh ich were especially strong in markets such as Turkey,
Mexico and Hong Kong.
AXA said its regulatory Solvency 1 ratio, a measure of
financial strength, had risen to more than 220 percent by the
end of September, up from 207 percent the company reported at
the end of the first half.
AXA, Europe's second-largest insurer behind Germany's
Allianz, has been struggling with rock-bottom interest
rates and lingering uncertainty over the euro zone debt crisis,
which have hurt its asset management and savings products.
AXA shares are up 20 percent so far this year, slightly
underperforming the wider insurance sector.
Chief Financial Officer Gerald Harlin told reporters the
company remained "absolutely positive" on its ability to meet
the goals of its strategic plan announced last year.
It targeted 1.5 billion euros in cost savings in "mature
markets" by 2015, by which time it hoped to lift its adjusted
return on equity to 15 percent.
Asked about the company's plan to sell or spin off its
private equity arm - announced roughly a year ago - Harlin said
the process was "continuing normally" though he noted that
French government plans to boost taxes on the industry would be
"an additional factor" in the talks.
($1 = 0.7711 euros)
(Reporting By Christian Plumb and Matthieu Protard; editing by