Axa UK GI records £103m underwriting loss in 2023
Axa’s UK general insurance company made a £103m underwriting loss in 2023, accounts filings have revealed.
An investment profit of £213m helped push the business to a pre-tax profit of £63m, despite the underwriting loss.
The accounts detailed that Axa Insurance UK PLC had a combined ratio of 106.3% last
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