Tag: Axa Mansard

IFRS17: AXA Mansard revenue rise by 12%
Business

IFRS17: AXA Mansard revenue rise by 12%

Due to the implementation of the IFRS17 and IFRS9 accounting standards, AXA Mansard Insurance plc, a part of the AXA Group, reported a 12% increase in revenue for the second quarter ended June 30, 2023. A new accounting standard was implemented on January 1, 2023. As a result of the change in accounting standards, gross earned […]

AXA Mansard hits N11bn from FX profit
Business

AXA Mansard hits N11bn from FX profit

Axa Mansard has reported second-quarter earnings that increased pre-tax profits by 597% to N12.8 billion. The increase in profitability helped push half-year pre-tax earnings to N14.7 billion from just N1.3 billion during the same period last year. The performance of Axa Mansard in the second quarter was boosted by a foreign currency gain of N11.1 billion […]