Axa XL combined ratio remains stable as it books EUR400mn Ukraine loss
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Axa XL combined ratio remains stable as it books EUR400mn Ukraine loss

Aisling Finn
23 February 2023
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Axa XL posted revenues of EUR19.2bn ($20.4bn) for 2022, a 2% increase from last year.

The carrier also reported a EUR400mn reserve charge for losses arising from the conflict in Ukraine and saw its reinsurance revenues tumble by 27% to EUR3.2bn.

Axa

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Aisling Finn
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