Axa reports reduction in COR and improvement in underwriting profit in H1
Axa has reported an improvement in its underwriting profit and a reduction in its combined operating ratio, which fell to 97.7% in the first half of 2017 from 98.2% in the same period last year.
The insurer’s total general insurance revenue grew by 5% to £2.4bn in the first half of the year. Commercial lines grew by 7.5% to £690m, in comparison to its personal lines which grew by just 1.3% to
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