AXA Mansard Targets N13.19bn Profit in Q4, Investors React
AXA Mansard Plc has revealed the insurance company is targeting N13.187 billion as profit after tax in the fourth quarter of financial year 2025, according to a regulatory filling submitted to the Nigerian Exchange on Monday.
Reacting to the insurer’s earnings projection, equities investors increased their bets via open market transaction on the company shares in the Nigerian Exchange platform.
Its share price climbed to N15.82 on Monday as 1.771 million units valued at N28.247 million exchanged ownership in the local bourse.
AXA Mansard price appreciation lifted market value of insurance company’s 9 billion shares outstanding to N142.380 billion, its trading details from the Nigerian Exchange revealed.
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 re-insurance contract 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. #AXA Mansard Targets N13.19bn Profit in Q4, Investors React UBA Investors Get 41% on Money Invested Since January
