Axa UK & I GI revenue rises 2% to £3.8bn
The cost of flooding and storm damage claims pushed Axa UK & Ireland's combined ratio to over 100% in 2012 - a deterioration of 0.8 points compared to 2011 - despite underlying earnings improving year-on-year by £62m to £134m.
General insurance revenue increased 2% to £3.8bn, including a 5% growth in sales of products through brokers, and 9% growth in sales of commercial insurance, home, travel and private medical insurance
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