According to the firm’s Profit and Loss Accounts Information
for the Q3 earnings obtained from the Nigerian Exchange Limited (NGX), the
insurance firm also projected N2.251 billion as profit after tax and N3.301
billion as profit before tax for the period.
Its net claim expenses for the period was N23.663 billion,
while premium income stood at N51.720 billion.
The insurance company said its gross written premium rose by
14% to N28.64 billion by the end of the first quarter of 2022, from N25.08
billion in March 2021.
For the third quarter ending September 2022, AXA-Mansard
Insurance Plc has projected to achieve a N55.613 billion gross premium.
According to the firm’s Profit and Loss Accounts Information
for the Q3 earnings obtained from the Nigerian Exchange Limited (NGX), the
insurance firm also projected N2.251 billion as profit after tax and N3.301
billion as profit before tax for the period.
Its net claim expenses for the period was N23.663 billion,
while premium income stood at N51.720 billion.
The insurance company said its gross written premium rose by
14% to N28.64 billion by the end of the first quarter of 2022, from N25.08
billion in March 2021.
"Across all lines of businesses, we continue to build necessary actuarial reserves to ensure we have a strong balance sheet.”