AXA Mansard Insurance forecasts N16.19bn claim payout in Q3 2021

AXA Mansard Insurance forecasts N16.19bn claim payout in Q3 2021

AXA Mansard Insurance forecasts N16.19bn claim payout in Q3 2021     AXA Mansard Insurance Plc, a member of the AXA Group, has released a forecast for its operating scorecards in the third quarter of this year wherein it envisaged paying N16.187 billion as claims to its policy holders. Details of the forecast sighted by Business Metrics show that in terms of profit and loss accounts information, the insurer envisages a gross premium written of N45.78 billion, net premium income of N26.96 billion, underwriting profit of N10.1 billion and investment…

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2020: Axa Mansard Insurance nets N6.04bn profit

Axa Mansard Insurance

2020: Axa Mansard Insurance nets N6.04bn profit     AXA Mansard Insurance plc, a member of the AXA Group has announced its audited financial results for full year 2020 which shows growths across income line during the pandemic year. The insurers announced 58 per cent growth in profit before tax at N6.04 billion from N3.83 billion in the previous year while profit after tax (PAT) followed suit with 56 per cent uptick to N4.54 billion from N2.91 billion in 2019. According to the financial report, gross written premium of of the…

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AXA approaches stock investors for fresh N12.75bn capital

AXA Mansard Insurance forecasts N16.19bn claim payout in Q3 2021

Creates new 25.5bn new shares ____________________________  AXA Mansard Insurance Plc has revealed plans to raise its share capital from its current N5.25 billion to N18 billion, equivalent to 242.86 per cent increase. The company made this known through a filling at the Nigerian Stock Exchange (NSE) informing its shareholders and the investing public of an Extraordinary General Meeting where the issue of capital raise, alongside many other issues will be discussed. According to the company, the new capital target will be raised by creation of additional 25.5 billion ordinary shares…

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