Axa UK & Ireland P&C COR improves to 96.2%
The provider’s 2020 results showed that, despite a fall in revenue, COR improved as P&C business in the UK reports growth in personal motor and commercial lines.
Axa has reported its results for the full year 2020 which show a nudge-up in the performance of its UK P&C business.
COR improved to 96.2% from 97.6% in 2019 and the business reported gross revenue of €3.46bn (£2.99bn), a fall on the €3.54bn recorded the previous year.
In personal motor gross revenue went up to €1.34bn (2019: €1.30bn). Commercial non-motor also showed signs of growth with revenue increasing to €928m from €920m in 2019.
It was a different story for personal non-motor which saw
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