Axa UK growth in line with 2012 plans

Axa UK has reported underlying earnings of £308m for 2006, up from its earnings of £266m in 2005. The insurer stated that this was due to excellent growth in UK general insurance revenues, with improved loss ratios across most business classes and improved underlying earnings.

In the UK and Ireland, underlying earnings of £308m for 2006 were 16% ahead of the previous year (2005: £266m). Total UK general insurance revenues increased by 9% in 2006 to £2bn, led by strong growth in personal motor

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