Axa trimmed UK COR as GWP and profit grew in 2025
Axa Insurance UK achieved a sub-100% combined operating ratio for 2025 with gross written premium up and profits rising, a filing at Companies House has revealed.
The COR improved to 99.8% having continued on its downwards journey from as high as 109.8% in 2022 through to 101.6% (restated) in 2024.
Pre-tax profit was up year on year by £92m to £253m with improved performance in underwriting and better investment returns.
The underwriting profit rose £35m to £111m.
GWP also ticked up by 1.1% to £2.76bn.
The document confirmed growth in both the commercial and personal lines arms.
GrowthEarlier this month, CEO Jon Walker, setting out his approach to his new role
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insight
Fresh out the oven broker Pizza launches cashback model for drivers
Digital broker Pizza Insurance has launched a cashback model for claim-free drivers as part of its partnership with price comparison site Quotezone.
Broking Success: Kally Shane, H&H Insurance Brokers – beyond transactional
Kally Shane, head of H&H Insurance Brokers, outlines plans to collaborate more with its sister companies and how education is vital as agricultural firms diversify into multiple avenues.
SSR launches contractors commercial combined product
Managing general agent Sutton Specialist Risks has launched a contractors commercial combined product, stating it was being rolled out in response to broker demand.
Numbers down again but nearly three-quarters of brokers recruiting, Aviva survey shows
Nearly three quarters of brokers (72%) are currently recruiting, down from 74% last year and 94% in 2024, according to the latest Broker Barometer survey by Aviva.
Final quarter addition takes insurance S166 annual total to seven
The Financial Conduct Authority (FCA) served one insurance firm with a skilled person report in the final quarter of 2025/26, taking the total to seven, the lowest in the past three financial years.
Award-winning Bartlett boosts profit in 2025
Post-tax profit at Bartlett Group rose 81% to £2.39m in the year ended 30 September 2025, a filing at Companies House has revealed.
CII launches consultation into young driver safety and role of telematics
The Chartered Insurance Institute has launched a national consultation to gather views on the role insurers can play in improving road safety for young drivers.
Top 100 UK broker joins the Insurance Fraud Bureau
The Insurance Fraud Bureau has added Tempcover to its membership, integrating the specialist broker’s data into the anti-fraud network.