Axa 2010 H1 results show 18% GI profit fall
Axa's general insurance and healthcare underlying earnings in the UK and Ireland decreased by 18% to £63m for the first six months of 2010 (H1 2009: £77m). Axa said this was mainly due to the favourable prior year reserve development which benefited H1 2009.
Overall Axa's UK general insurance arm reported an improvement in its UK general insurance result of 1% to £1.08bn in the first half of 2010, from £1.06bn in the same period in 2009.
But revenues were
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