AXA Mansard Insurance forcasts 50% profit rise to N4.4bn in Q3 2021

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By Favour Nnabugwu


AXA Mansard Insurance Plc, a leading insurance firm in Nigeria has released its earnings forecast for the third quarter (Q2) 2021 with gross premium written of N45.777 billion from N34.237 billion forecasted for Q2 2021.

The company in the forecast sent to the Nigeria Stock Exchange is expecting a 50% rise in profit after taxation to N4.416 billion from N2.944 billion projected for in Q2 2021.

The forecast projected cash/bank balances at the end of the period to drop to N3.524  billion from N20.252 billion at the beginning.

AXA Mansard Insurance’s earnings forecast for the Q2 2021 with gross premium written of N34.237 billion from N24.095 billion forecasted for Q1 2021.

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