AMP has released first-quarter life insurance inforce premiums inflows for Axa, showing growth of 5.4% to $722 million.

AMP completed the takeover of Axa on March 30, so has reported the previously listed company’s cashflows separately.

In New Zealand Axa’s inforce life insurance premiums reported a 3% rise to $NZ189 million ($139 million) for the quarter ending March 31.

In Australia Axa’s premium growth came entirely from its individual life insurance sales, up 7.3% to $547 million. But its group sales for the quarter were flat at $175 million.

NZ group sales were up 2.7% to $NZ38 million ($28 million) while individual premiums grew by 3.4% to $NZ151 million ($111 million).