Tag: Axa Mansard

Insurance industry grew by 16.99% in Q3 - NBS
featured Insurance

AIICO, AXA account for 61% of ₦288bn insurance claims in 2025

Top insurance companies listed on the Nigerian Exchange paid a combined N288.85 billion in claims in 2025, reflecting a significant 38.17 per cent year-on-year increase compared to the N209.05 billion recorded in 2024. AIICO Insurance and AXA Mansard together accounted for over 61 per cent of total claims paid. The data, compiled by the Nairametrics […]

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 […]