Price rises for commercial insurance helped fuel revenue growth for AXA UK in the first quarter.
The total property and casualty revenue of ?m (£657m) showed a 34.4% increase on the ?m (£487m) reported in the first three months of 2002, but adjusted for currency differences, growth was 5.1%.
But UK motor revenues bucked the trend, falling 13% due to strict underwriting.
The recent figures also include health revenues, previously counted as part of group life and savings, of ?m (£176m) down 3.6% on a comparable basis from ?m (£199m) last year.
