Axa XL swings back to EUR619mn H1 profit as Covid claims recede
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Axa XL swings back to EUR619mn H1 profit as Covid claims recede

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Group underlying earnings at Axa almost doubled in the first half of the year to EUR3.64bn ($4.3bn), while subsidiary Axa XL surged back to profit, with underlying earnings of EUR619mn.

The results were a notable improvement in performance across the business compared to the prior-year period, where earnings were severely impacted by BI and event cancellation claims relating to Covid-19.

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