AXA Mansard

AXA Mansard Insurance Plc has said its gross written premium rose to N37.18bn in the first half of 2021 from N30.54bn in the same period of 2020.

The company said in a statement that the net premium income increased by 11 per cent to N17.42bn in H1 2021 from N15.67bn in the same period a year earlier.

Commenting on the results, the Chief Financial Officer, Mrs Ngozi Ola-Israel, said, “Despite the tough operating environment, AXA mansard delivered strong results in the half-year ended 30th June 2021.

“The performance further reinforces resilience and capacity to produce sustainable results.”

Ola-Israel said the company delivered N37bn in revenues in H1 2021, up by 22 per cent from N30.5bn recorded in the same period of the previous year.

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The Chief Executive Officer, AXA Mansard Insurance, Mr Kunle Ahmed, said, “The revenue growth recorded, despite the effects of the economy and COVID-19 new normal on businesses and household income, is attributable to the support of our partners, the continued improvement in service delivery to our clients and the commitments of our people.

“We have maintained a strong performance, especially in our P & C and health portfolios in the first six months of the year. We will continue to work hard to accelerate growth across all our lines of business by launching digital solutions to improve our engagement with partners and refine our risk management advisory services as a value add to our various customers.”

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