Axa XL reports 33% increase in earnings for H1 2023
Axa XL has reported a 33% increase in underlying earnings for the first half of the year, while, for the P&C business, Axa posted a 5-point reduction in the combined ratio.
The carrier said the results reflected the favourable pricing environment, as well as below-average nat cat charges and high interest rates, both of which provided tailwinds on current-year margins.
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