AXA PPP reports increased profits on static premium income

AXA PPP Healthcare has recorded positive results for the year ended 31 December 2010. Profit before tax stood at £66.2m (2009: £42.6m) while underwriting profit for the year amounted to £30.5m (2009: £20.3m). AXA said that the improved results were linked to a modest growth’ in earned premiums and a reduction in claims incurred.