Hubbard upbeat despite stalling motor and a decline in liability
Axa UK has managed an overall 1% increase in gross written premium during the first half, excluding ...
Axa UK has managed an overall 1% increase in gross written premium during the first half, excluding Axa Direct, despite a fall in liability business and a static motor portfolio.
Axa's UK general insurance business saw first-half profits of £81m, an increase of 19%, and underlying earnings rise to £46m, compared to £22m in the first half of last year. The loss ratio altered from 59.4% to 54.4%.
Overall GWP improved to £968m, with household growing 10%, creditor business 25% and property owners 6%
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