Axa UK and Ireland reports improved COR and £80m flood bill
Underlying earnings for Axa UK and Ireland increased 25% to £312m in 2015 (2014: £250m) alongside an improved combined operating ratio of 97.1% (2014: 98%).
Personal lines revenues grew by 5% to £2.1bn while commercial lines revenues increased 9% to £2bn.
The insurer's December UK flood bill is estimated to reach £80m, with more than £10m already paid out
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