max temp: 12°C

min temp: 6°C

ESTD 1874 Search

UK/Ipswich: Insurance giant AXA sees UK & Ireland earnings rise

06:00 02 August 2014

AXA , Civic Drive, Ipswich.

AXA , Civic Drive, Ipswich.


Global insurance giant AXA Group saw earnings from its UK and Ireland arm rise by a third in the first half of the year.


The firm, which employs more than 1000 employees at its Ipswich offices, is celebrating an underlying earnings increase of 33% from £89milllion in the first half of last year, compared to £118m in the same period in 2014.

General insurance revenues rose by 2% to £2billion.

Its Ipswich site is involved in a range of its products from motor and household insurance, cover for businesses and technical support for AXA offices in the UK and beyond.

UK & Ireland group chief executive Paul Evans said he was “very pleased” with the performance.

“During the past four years, the transformation of the UK and Ireland business has, through a resolute focus on responding to the needs of customers in each of our target markets, delivered both sustained growth and improved profitability. I remain confident that, despite very competitive market conditions, our businesses are well positioned for profitable growth,” he said.

Following a business improvement plan launched in 2012, its UK direct personal lines business has returned to both growth, with an eight per cent increase in revenues to £0.2 bn.

AXA chairman and chief executive Henri de Castries said: “This half year is another stepping stone to achieving Ambition AXA. The effective implementation of our strategy has delivered strong earnings growth, the highest first half underlying earnings in the company’s history.”



Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files

Please log in to leave a comment and share your views with other East Anglian Daily Times visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by East Anglian Daily Times staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique East Anglian Daily Times account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

DFS is celebrating record results.

Sofa chain DFS Furniture has hailed a record set of results as Britain’s buoyant housing market and growing consumer confidence boosted sales.

The Bank of England Monetary Policy Committee is expected to keep interest rates at 0.5%.

The Bank of England is expected to keep interest rates on hold today amid mounting concern over a slowdown in the economy.

Owner and head chef of Sweet P's, Pierre Rollins.

Soul food restaurant Sweet P’s is due to reopen next week after a devastating kitchen fire six months ago.

The new board members at employee-owned social enterprise Leadiing Lives who were elected at its AGM.

More than 50 jobs have been saved in Suffolk and north-west Essex following the closure of care support charity Crossroads Care East Anglia.

The Great House in Lavenham has been awarded three rossetts from the AA. Left to right, Martine and Regis Crepy, Enrique Bilbault, Swann Auffray, David Castro, Guillavme Dericq.

An award-winning Suffolk restaurant has officially been recognised as one of the best in the country.

George Bradley of Suffolk Secrets.

The belated arrival of settled weather in mid-September has helped to deliver an “Indian Summer” boost for Suffolk Secrets, one of the county’s leading holiday lets businesses.

Some of SABMiller's beer brands.

Brewing giant Anheuser-Busch InBev today unveiled another improved offer for rival SAB Miller.

Tesco  has revealed a 70% plunge in half-year earnings for its UK and Ireland business.

Supermarket giant Tesco revealed a 70% fall in half year earnings for its UK and Ireland business despite seeing an improvement in under-pressure sales.

The Cask Report has highlighted the importance of real ale to the the pub trade.

Drinkers of real ale are a “lifeline” for Britain’s hard-pressed pubs sector, according to a new study.

A queue outside of a Greggs store.

Baker Greggs warned the new national living wage will put pressure on the group to raise the prices of its pasties and sausage rolls.

Most read

Most commented

Topic pages