AXA Mansard Insurance Plc has projected a Profit After Tax (PAT) of N3.62 billion for the first half of 2026, signaling confidence in its financial resilience despite prevailing economic uncertainties.
In its financial forecast submitted to the Nigerian Exchange Group, the insurer also estimated a Profit Before Tax (PBT) of N4.26 billion for the six-month period ending June 30, 2026. The outlook reflects the company’s continued emphasis on underwriting discipline and efficient investment strategies.
The firm anticipates strong revenue growth, with Insurance Revenue expected to reach N90.77 billion. This performance is projected to be driven by its diversified operations across property and casualty, life, and health insurance segments.
AXA Mansard stated that its projections underscore a resilient business model capable of navigating a challenging macroeconomic environment, adding that it intends to sustain growth by leveraging its market position and expanding digital capabilities.
The forecast also indicates an Insurance Service Result of N10.13 billion, against projected Insurance Service Expenses of N62.84 billion. To manage risk exposure, the company has accounted for a Net Expense from Reinsurance Contracts of N17.80 billion, reflecting a balanced underwriting approach.
Management noted that, despite rising service costs, operational efficiency remains a priority, with the projected service result demonstrating the firm’s ability to translate premium growth into shareholder value.
Beyond underwriting activities, AXA Mansard expects to generate N7.92 billion in Net Investment and Other Income, providing additional support to its earnings.
On liquidity, the company forecast a closing cash balance of N31.29 billion, down from an opening balance of N39.85 billion. The decline is attributed largely to a planned N7.53 billion outflow for investment activities, highlighting a strategic move to deploy capital for long-term growth.
According to the company, its investment approach is focused on ensuring stability and hedging against inflation, reflecting confidence in Nigeria’s medium-term economic recovery.
