AXA sees healthcare revenue rise 7%

clock

AXA UK and Ireland has seen its revenue from healthcare rise by 7%, ahead of overall revenues across general insurance and healthcare which rose 5% to £2.1bn.

The AXA Group has reported its half year results for 2015, across AXA UK and Ireland underlying earnings rose 27%, to £150m.

AXA PPP healthcare recently bought Simplyhealth's PMI book in a deal which saw Simplyhealth exit the PMI market.

Underwriting profitability from general insurance and healthcare, improved 1.2 points to 97% measured by combined operating ratio.

From 1 January 2016, AXA will launch an integrated general insurance operation, AXA Insurance and Amanda Blanc will be CEO.

Paul Evans, group chief executive AXA UK & Ireland , said: "I am very pleased with the continued progress across our business in the first half of 2015, with strong revenue growth delivered across all our markets alongside sustained improvements in profitability.

"The successful completion of the acquisition of Simplyhealth's private medical insurance business was announced on 3 August 2015, providing a further substantial foundation for profitable growth."

Evans added: "We are presently rolling out the facility for customers to provide online feedback of their experience in dealing with AXA so that new customers can see what other customers think before they buy."

Further Reading:

Swiss Re net income up 11%

AXA in talks to buy Genworth's lifestyle protection arm

AXA PPP welcomes CMA fine for Consultant Eye Surgeons Partnership


More on PMI

Three quarters of adults say private healthcare is unaffordable
PMI

Three quarters of adults say private healthcare is unaffordable

Benenden Health research shows

Jaskeet Briah
clock 26 March 2024 • 2 min read
NFP acquires PMI intermediary
PMI

NFP acquires PMI intermediary

Bolstering employee benefits capabilities

Jaskeet Briah
clock 26 March 2024 • 1 min read
Corporate demand drives insured private health admissions
PMI

Corporate demand drives insured private health admissions

Self-pay admissions are plateauing

Jaskeet Briah
clock 25 March 2024 • 2 min read

Highlights

COVER Survey: Advisers damning of protection insurer service levels

COVER Survey: Advisers damning of protection insurer service levels

"It takes longer than ever to get underwriting terms"

John Brazier
clock 12 October 2023 • 5 min read
Online reviews trump price for young people selecting life and health cover

Online reviews trump price for young people selecting life and health cover

According to latest ReMark report

John Brazier
clock 11 October 2023 • 2 min read
ABI members with staff neurodiversity policy nearly doubles

ABI members with staff neurodiversity policy nearly doubles

Women within executive teams have grown to 32%

Jaskeet Briah
clock 10 October 2023 • 3 min read