AXA Ireland makes €200m in profit

INSURANCE giant AXA made profits of almost €200 million in Ireland in 2004. The figure was almost 40% higher than profits generated in 2003, according to newly-filed accounts for AXA Insurance Ireland.

In a note to accounts, AXA said that gross written premiums in 2004 were up 2.1% on 2003.

The company was helped by the inclusion of renewable motor insurance premiums from its activities in the North, which it took on from its sister company in Britain during the year.