DUBLIN: Axa UK and Ireland has reported revenues of €3.66bn (£3.25bn) for the first nine months of 2016. According to the insurer’s financial results, this is a 1% rise from the €3.61bn it posted last year. Total revenues for the whole company were up by 0.4% to €75.74bn, compared to €75.65bn in the same nine months in 2015.
Thomas Buberl, chief executive officer of Axa, said: “Axa continued to deliver disciplined growth during the first nine months of 2016, in line with the priorities of our new Ambition 2020 plan.
“Life & Savings business recorded strong net inflows in Protection & Health, capital light Savings and Unit-Linked, maintaining high new business margins even in the context of a challenging macroeconomic environment.”
He continued: “Property & Casualty revenues continued to grow, in both personal and commercial lines, benefitting from our strong market positions in key geographies. Asset management net inflows were also strong for the first nine months.”
