AXA Mansard has reported a 18.89 percent increase in insurance revenues to N96.48 billion in the first six months of 2026, from N81.15 billion as at June 2025 as the insurer continues to overcome a tough and unpredictable macroeconomic environment.
A breakdown of the revenue figures shows all segments of AXA Mansard contributed to the Group’s topline (sales) as the company’s innovative products are making an inroad into the Nigeria market.
For instance, revenue from oil and gas which is 23.95 percent to total revenue spiked by 18.47 percent to N23.15 billion in June 2026 from N19.54 billion as at June 2025.
Sales from Group protection was up 22.23 percent to N8.30 billion in the period under review from N6.79 billion the previous year.
The company’s goals are long-term stability and capital preservation as this stellar performance reflects strong execution and resilience across its diversified portfolio.
Despite cost pressures and economic uncertainties, profit after tax (PAT) rose by 14.28 percent to N7.76 billion in June 2026 from N6.79 billion as at June 2025.
The company says a strong balance sheet, disciplined execution, and clear strategic priorities, it is well positioned to improve profitability and deliver long-term value to shareholders as macroeconomic conditions stabilise and FX volatility eases
AXA Mansard Insurance Plc successfully positioned itself among the leading tier-1 Nigerian insurers to meet the National Insurance Commission (NAICOM) recapitalisation deadline of July 31, 2026, backed by a robust capital base, steady internal capital generation, and strong half-year financial results.
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