AXA Mansard’s profit rises 81% to N10.9 billion on stronger underwriting
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Verified Synthesis~38s readProfit before tax also increased by 111 per cent to N12.9 billion from N6.1 billion, reflecting improved performance across its core insurance operations. Across the business lines, insurance revenue from health increased by 24 per cent to N60.5 billion, while life and savings also grew by 24 per cent to N24.1 billion.
Context & Background
- ✦The insurer’s financial results for the nine months ended September 2026 showed that insurance revenue rose by 19 per cent to N143.1 billion, compared with N120.5 billion recorded in the corresponding period of 2025.
Key Figures & Named Entities
2026:AXA Mansard Insurance Plc has reported an 81 per cent increase in profit after tax to N10.9 billion for the third quarter of 2026, driven by stronger underwriting performance and revenue growth across its property and casualty, life and savings, and health businesses.2026:The insurer’s financial results for the nine months ended September 2026 showed that insurance revenue rose by 19 per cent to N143.1 billion, compared with N120.5 billion recorded in the corresponding period of 2025.2025:The growth was supported by an 86 per cent increase in insurance service results to N19.2 billion, from N10.3 billion in the previous year, indicating improved underwriting performance and claims experience. itel Energy Warns Against Costly Solar Installation Errors as After-Sales Support Takes Centre StageIFC and Access Holdings Partner to Expand Trade Finance and Support Enterprise Growth Across AfricaPivot Integrated Energy Redeems ₦8.25bn Commercial Paper Ahead of Maturity, Reinforces Investor Confidence Gross written premiums increased by 18 per cent to N169.5 billion, compared with N143.5 billion in the corresponding period of 2025, with the health business accounting for the largest contribution.
Outlook & Next Steps
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Key Takeaways
Verified Extract- Profit before tax also increased by 111 per cent to N12.9 billion from N6.1 billion, reflecting improved performance across its core insurance operations.
- Across the business lines, insurance revenue from health increased by 24 per cent to N60.5 billion, while life and savings also grew by 24 per cent to N24.1 billion.
- The insurer’s financial results for the nine months ended September 2026 showed that insurance revenue rose by 19 per cent to N143.1 billion, compared with N120.5 billion recorded in the corresponding period of 2025.
Key Facts:2026: AXA Mansard Insurance Plc has reported an 81 per cent increase in profit after tax to N10.9 billion for the third quarter of 2026, driven by stronger underwriting performance and revenue growth across its property and casualty, life and savings, and health businesses.2026: The insurer’s financial results for the nine months ended September 2026 showed that insurance revenue rose by 19 per cent to N143.1 billion, compared with N120.5 billion recorded in the corresponding period of 2025.2025: The growth was supported by an 86 per cent increase in insurance service results to N19.2 billion, from N10.3 billion in the previous year, indicating improved underwriting performance and claims experience. itel Energy Warns Against Costly Solar Installation Errors as After-Sales Support Takes Centre StageIFC and Access Holdings Partner to Expand Trade Finance and Support Enterprise Growth Across AfricaPivot Integrated Energy Redeems ₦8.25bn Commercial Paper Ahead of Maturity, Reinforces Investor Confidence Gross written premiums increased by 18 per cent to N169.5 billion, compared with N143.5 billion in the corresponding period of 2025, with the health business accounting for the largest contribution.2025: Ahmed also disclosed that the insurer had met the new minimum capital requirements stipulated by the National Insurance Commission (NAICOM), adding that preparations were underway to meet the regulator’s proposed risk-based capital requirements under the Nigerian Insurance Industry Reform Act 2025.
Editorial Excerpt
AXA Mansard Insurance Plc has reported an 81 per cent increase in profit after tax to N10.9 billion for the third quarter of 2026, driven by stronger
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What is the latest development regarding Access Bank?
Profit before tax also increased by 111 per cent to N12.9 billion from N6.1 billion, reflecting improved performance across its core insurance operations.
Who are the key organizations or public figures mentioned?
The primary parties identified in this coverage include Access Bank.
What timeline or key figures were confirmed?
AXA Mansard Insurance Plc has reported an 81 per cent increase in profit after tax to N10.9 billion for the third quarter of 2026, driven by stronger underwriting performance and revenue growth across its property and casualty, life and savings, and health businesses.
