Axa Mansard turnover increase by 5.4% in nine months 2020

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AXA Mansard, the Nigerian subsidiary of the AXA Group, posted a 5.4 percent turnover increase in the first nine months of 2020.

The latter rose from N37.434 billion ($102.72 million) at 30 September 2019 to be set at N39.462 billion  ($102.44 billion) one year later.

As at 30 September 2020, the net profit amounted to N5.671 billion ($14.72 million) compared to N2.11 billion ($5.79 million) a year earlier, an improvement of 168.7 percent over one year.

The incurred losses increased by 22.9 perceny to be set at N14.34 billion ($37.23 million) compared to N11.665 billion ($32.01 million) in the first nine months of 2019. During the period under review, AXA Mansard is believed to have shown resilience in the face of the on-going pandemic.

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