Axa UK reveals growth in commercial lines
But personal lines revenues dip, while COR for the UK & Ireland business improves slightly.
Axa UK & Ireland has posted higher revenues in commercial lines and a slightly improved combined operating ratio (COR) for 2018.
The business revealed a COR of 98.4% for the property and casualty business, compared to 99.1% in 2017.
Total revenue for commercial lines was £1.36bn in 2018 (2017: £1.34bn), with commercial motor reporting revenues of £597.4m and non-motor £767.3m.
However total revenue in personal lines dipped to £1.55bn, from £1.64bn in the preceding year.
Personal motor
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