AXA Mansard Targets N3.617bn Profit in Six Months
AXA Mansard Plc has revealed that it is targeting N3.617 billion in profit after tax for the first half of the 2026 financial year, according to a regulatory filing submitted to the Nigerian Exchange.
The insurance company’s share price was flat at N15.2 when the earnings forecast was published last week. Market value of Axa Mansard Plc.’s 9 billion outstanding shares closed trading session last week at N136.80 billion, according to data obtained from the Nigerian Exchange.
In its earnings forecast for the first half of the year, AXA Mansard Plc estimated a profit after tax of N3.617billion.
The insurance company anticipates N90.773 billion in insurance revenue, with plans to incur N62.389 billion in insurance services expenses and N17.804 billion in net expenses from the reinsurance contract held.
The half-year 2026 insurance service results are anticipated to reach N10.129 billion after the company has accounted for its direct insurance expenses and net reinsurance contract expenses.
Net investment and other income is expected to print at N7.920 billion in the period. AXA Mansard’s operating expenses are projected at N13.80 billion.
Hence, the Insurance company anticipates its pretax profit for the period to print at N4.256 billion. Profit after tax is projected to settle at N3.617 billion, having taken care of the company’s anticipated tax obligation of N2.327 billion. UACN Falls by 11.5% as Investors’ Sentiment Deteriorates
