AXA Mansard Insurance projects 161% profit growth in Q4 2020

WorldStage Newsonline– AXA Mansard Insurance Plc, a major player in Nigeria’s insurance sector has released its forecast profit and loss accounts information for the fourth quarter (Q4) 2020 with gross premium written of N48.013 billion, a 10% improvement over N43.620 billion in Q4 2019.

A notification to the Nigerian Stock Exchange signed by Omowunmi Mabel Adewusi, Company Secretary projected profit for the period as N7.599 billion, 161% growth from N2.908 billion in Q4 2019.

The notification showed that cash/bank balances at the end of the period will drop to N16.572 billion from N17.911 billion at the beginning of the period.

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