AXA Mansard’s profit rises 81% to N10.9 billion on stronger underwriting.
The insurer’s financial results for the nine months ended September 2026 showed […] The post AXA Mansard’s profit rises 81% to N10.9 billion on stronger underwriting appeared first on Vanguard News .
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.
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.
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. 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. The health segment recorded a 33 per cent increase in gross written premiums to N76.5 billion, while life and savings grew by 26 per cent to N27.6 billion. Property and casualty premiums rose marginally by two per cent to N65.4 billion.
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