AXA reports 3% drop in gross revenue for UK and Ireland in 2020

financial results (7)

The insurer has also sought to minimise future exposure to Covid-19 claims by using exclusions within its business interruption and event cancellation policies

AXA Group has reported a 3% drop in its gross revenue between 2019 and 2020 in the UK and Ireland, reaching a total of €5,215m.

For property and casualty (P&C) business in the UK and Ireland, gross revenue has fallen by 1% in the 12 months to 31 December 2020, to now sit at €3,457m.

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