In Q4, net earnings attributable to shareholders dropped to $10m, compared to $5.5bn in the corresponding period of 2024.
The move involves ACRIB, which has been renamed AXA China Region Insurance Company (Hong Kong) following the transfer.
The company’s renewed presence in this segment follows the integration of the Crispin Speers team.
The Japanese insurer now has a 1.65% interest in Igloo, purchasing 493,984 shares at $10.12 (Y1,566) each.