AXA Mansard Jumps by 12% as Investors Bet on Earnings Outlook
Insurance operator AXA Mansard Plc gained about 12% on the Nigerian Exchange (NGX) as investors made easy entry ahead of the insurance company’s third quarter earnings release.
Trading data from the Nigerian Exchange showed that the insurance company’s share price closed at N16.1 on Friday, reflecting overall investors’ sentiment.
The insurance stock attracted investors’ attention, and volumes transacted on the Nigerian Exchange were relatively heavy.
The market value of the insurance operators rose by 11.80% week on week to N144.90 billion, a substantial discount of 25% below its highest value reached in 52 weeks.
The market anticipated AXA Mansard Insurance to fuel a new rally on the stock. The earnings expectation will be the major catalyst to drive potential rerating, and the direction of its profitability will influence investors’ sentiment.
AXA Mansard Plc is targeting N13.187 billion as profit after tax in the fourth quarter of financial year 2025, according to a regulatory filing submitted to the Nigerian Exchange on Monday.
In its earnings forecast for the fourth quarter of the year, AXA Mansard Plc estimated a profit after tax of N13.187 billion. The insurance company eyes N159.353 billion as insurance revenue.
The Q4 insurance service results is anticipated to berth at N19.268 billion after the company has taken care its direct insurance expenses and net expenses from reinsurance contracts held.
Net investment and other income is expected to print at N18.964 billion in the period. AXA Mansard operating expenses for the fourth quarter is projected at N21.712 billion.
Hence, net income for the period is expected to print at N13.87 billion, having taken care of the company’s anticipated tax obligation of N2.327 billion. MTN Nigeria Rallies Amidst Strong Earnings Expectations
