Axa's UK commercial motor revenues jump by 21%

car-fleet

Property and casualty (P&C) was up 2% to €9.838m, while personal lines P&C, which makes up 57% of total P&C revenues, increased by 4% in total.

Overall general insurance revenue for the UK was €916m.

Commercial motor revenues shot up by 21% in the UK but this was offset overall by Mexico (-15%) and the Gulf region (-49%) due to the cancellation of an unprofitable large fleet contract.

Total direct P&C rose by 8% and the insurer attributed this to tariff increases in the UK. Overall P&C revenues

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