Benign weather helps Axa UK shave 1.2pp off its first half COR
Axa’s UK business was aided by benign weather conditions in delivering an improvement of 1.2 percentage points in its combined operating ratio for the first half of the year, which stood at 97% (H1 2014: 98.2%).
The insurer achieved a 27% uptick in underlying earnings to £150m (H1 2014: £118m), while general insurance and healthcare revenues rose by 5% to £2.1bn - a result that was largely driven by 16%
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