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.