Axa UK & Ireland COR improves to 96.3% for 2017
Revenues also went up but underlying earnings fell.
Axa UK & Ireland has reported higher revenues and an improved combined operating ratio (COR) for 2017.
Commercial lines revenues came in at £1.34bn (2016: £1.26bn) but the COR slipped. In 2016 it was 96.4% but last year it hit 97.7%.
In personal lines revenue was static at £1.64bn for both 2016 and 2017. However the COR improved significantly from 100.4% to 96.3%.
Amanda Blanc, group CEO, Axa UK & Ireland commented: “We have grown in commercial lines by continuing to build our SME book, by
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