As a major European insurer, AXA has a presence in the UK through AXA UK holdings. In 2015, the latter’s net income reached €8m with an underlying earnings of €-1m. This relatively weak contribution to the group’s earnings was behind the reassessment of its activities across the Channel. In recent months, AXA has decided to dispose of its UK Life & Savings business, other than the platform one. The weight of the UK in the group’s L&S sales was limited to 0.
29 Jun 2016
Limited Brexit damage
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Limited Brexit damage
As a major European insurer, AXA has a presence in the UK through AXA UK holdings. In 2015, the latter’s net income reached €8m with an underlying earnings of €-1m. This relatively weak contribution to the group’s earnings was behind the reassessment of its activities across the Channel. In recent months, AXA has decided to dispose of its UK Life & Savings business, other than the platform one. The weight of the UK in the group’s L&S sales was limited to 0.