Axa UK reveals revenue growth for 2019

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Axa UK & Ireland has reported an improved combined operating ratio and higher revenues across the business for 2019.

The insurer stated that its property and casualty revenues rose to €3.54bn (£2.97bn) in 2019, up from €3.36bn in 2018.

Its COR in this division of the business improved slightly to 97.6%, compared to the 98.4% it achieved in the preceding year.

In addition, underlying earnings were up by 10% to €235m. Last year, the company reported underlying earnings of £378.0m.

Axa has

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