AXA PPP HEALTHCARE LIMITED

1. AXA PPP HEALTHCARE LIMITED 2001-02-15 → present
2. PPP HEALTHCARE LIMITED 1996-01-15 → 2001-02-15

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

IFRS

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have prepared the financial statements on the going concern basis as they do not intend to liquidate the Company or to cease its operations, and as they have concluded that the Company's financial position means that this is realistic. They have also concluded that there are no material uncertainties that could have cast significant doubt over its ability to continue as a going concern for at least a year from the date of approval of the financial statements ("the going concern period").”

Significant events

• “A dividend of £85m was approved by the board for payment on 31 March 2026.”
• “The AXA Group has commenced a reorganisation to simplify and consolidate the International Private Medical Insurance ("IPMI") business, enabling the AXA group to grow the IPMI business. The Company currently underwrites IPMI business both on a direct basis and as a reinsurer.”
• “On 30 December 2025, the Company signed two business transfer agreements ("BTAs"), covering the reinsured brokered books held with AXA Global Healthcare UK ("AGH") and AXA Life&Health Reinsurance Solutions ("ALHRS").”
• “A third transfer agreement is expected to be signed in April 2026, covering the direct business. This is due to transfer on a renewal rights basis to AXA Health SA (UK branch) commencing in late 2026 and completing in late 2027.”
• “Separate to the legal transfers, the economic risks and exposures to the direct and reinsured books will largely be transferred with effect from 1 January 2026 with the set-up of retrocession reinsurance treaties.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Gross written premiums

  +3.4%

  £1,947,000,000 → £2,014,000,000

• Net earned premiums

  —

  Not reported

• Profit before tax

  +214.7%

  £34,000,000 → £107,000,000

• Equity

  +18.1%

  £498,000,000 → £588,000,000

• Claims incurred

  -5.7%

  £1,858,000,000 → £1,753,000,000

• Insurance contract liabilities

  +15%

  £412,000,000 → £474,000,000

• Investment return

  -16%

  £50,000,000 → £42,000,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers