Underwriting losses narrow to £94m at Axa Insurance UK
Document at Companies House shows company saw pre-tax profits increase in 2013.
Axa Insurance UK delivered an underwriting loss of £94m for 2013, an improvement on the £150.1m loss in the previous 12 months.
The business put the improved figures, revealed in a document at Companies House, down to a fall in the loss ratio as premiums remained stable. The ratio improved to 67.1% for the year (2013: 71.1%).
Overall gross written premiums came in at £2.05bn, broadly in line with the £2.14bn in 2012.
The investment return dropped to £230.3m (2012: £277.6m).
Commercial growth
On
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