Profits are on the rise at AXA which said it experienced a 2% growth in its property and casualty book in the first quarter of 2005.
Revenues, it said, increased to €5.9bn at the end of the first quarter of 2005, up from €5.6bn a year earlier.
But, in the UK revenues decreased by 1.8% from €1.1bn to €1bn.
Personal lines accounts for 56% of the property and casualty book. AXA said it showed an overall growth of 2%.
Its motor insurance book increased by 2%, while in the non-motor sector revenues grew by 3%.
Commercial lines accounts for 38% of the non-life sector. AXA said its motor revenues declined by 2%, driven by the UK and Ireland markets where revenues decreased by 7%.
Non-motor revenues were up 3% on the previous year, it said.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
