Axa reports improved revenues and rates in UK & Ireland
Axa’s UK & Ireland operations have reported property & casualty (P&C) revenues of €3.2bn (£2.5bn) for the first nine months of 2012.
This is an increase of 12% on the €2.8bn reported for the same period of 2011.
P&C rates increased by 4.9% in the UK & Ireland business, while commercial rates went up by 4%.
The UK & Ireland operations saw 6% growth in personal non-motor revenues in the nine months ended September 2012.
The insurer attributed this to household tariff increases and higher volumes due to new partnerships and improved retention, mainly in the UK.
Commercial non-motor revenues improved by 7% in the same period
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