Premium income up but AXA PPP’s investments perform poorly

AXA-PPP Healthcare reported a 7% increase in gross premiums for the year ended 31 December 2006 to £851m, up from £787m in 2005.The increase fed through to a balance on the technical account for general business of £52.7m. This was a 52% advance on £35.5m in 2005 and, according to the company’s directors, was attributable…