Premium income up but profits fall at AXA PPP Healthcare

AXA PPP healthcare has reported a 2% increase in gross premium income to £1.58bn for the year ended 31 December 2019. After outward reinsurance premiums and other amounts, earned premiums net of reinsurance came in at £1.56bn against £1.5bn in 2018. The UK’s second largest PMI provider said customer numbers had continued to increase both…