AXA Mansard Profit Decline By 21.6% In 2021

BY NKECHI NAECHE-ESEZOBOR--AXA Mansard Insurance Plc has announced 21.6 percent profit drop for the unaudited financial statements 31 December 2021.

According to notice made available to dealing members, the insurer’s profit decreased to  N3.56 billion in 2020 when compared from N4.54 billion reported in same period of 2020

However gross written premium appreciated from N47.583 billion in 2020 to N60.198billion  in 2021, this representing 26.51% growth.