Financial Results

2011 Full Year Financial results announced on Thursday 16 February 2012

Financial Highlights:

Underlying earnings improved £196 million to £133 million (2010: loss of £63 million; restated to exclude the contribution from sold activities).
UK & Ireland general insurance revenues increased 4% to £3.8 billion.
Underwriting profitability from general insurance activities restored with a current year combined ratio of 98.9%, a 6.4 points improvement on 2010.
Platform sales onto AXA Wealth's 'Elevate' wrap platform increased 75% to £1.3 billion, taking funds on platform to £3.5 billion, almost 20% of the £18.9 billion now administered by AXA Wealth.
Architas, the multi-manager investment management business launched in July 2008 increased funds under management by 23% to £9.4 billion.