Axa Insurance coverage UK returned to underwriting revenue in 2024 with a £45m consequence, reversing a £103m deficit in 2023.
Account filings from the insurer confirmed the efficiency helped increase pre-tax revenue to £141m from £63m the 12 months earlier than.
The underwriting enchancment greater than outweighed the year-on-year dip in funding returns which fell by £47m to £166m.
In line with the earlier consequence, the mixed working ratio was trimmed once more, by 5.2%, to 106.3%, having been as excessive as 109.8% in 2022.
GWP
The numbers launched in a report at Corporations Home got here as gross written premium was flat at £2.73bn (2023: £2
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