Insurer declares 14% progress in GWP, guarantees traders extra return — Enterprise — The Guardian Nigeria Information – Nigeria and World Information


Underwriting agency, AXA Mansard Insurance coverage Plc, has recorded a gross written premium of N28.64 billion, 14 per cent up from N25.08 billion within the comparative interval of 2021.

The insurer, on the weekend, stated in its monetary assertion made obtainable to The Guardian that the web premium earnings of N11.57 billion, 39 per cent up from N8.34 billion recorded in Q1 of 2021.

Funding and different earnings have been N1.23 billion, a 25 per cent dip from N1.64 billion in March 2021.

Working bills of N2.54bn, as much as one per cent N2.52 billion in March 2021 whereas revenue earlier than tax (PBT) of N470 million, declining 84 per cent from N2.92 billion in March 2021 and revenue after tax (PAT) of N390 million, declining 85 per cent from N2.63 billion in March 2021.



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