Insurer reports N43.62 billion gross written premium in 2019


AXA Mansard Insurance Plc has announced a Gross Written Premium (GWP) of N43.62 billion in 2019 up by 29 per cent from N33. 92billion recorded in 2018 in its unaudited financial report 2019.

The company’s Net Premium Income also grew by 33per cent to N26.29 billion from N19.70billion within the period under review.

While Profit before Tax recorded a 16 per cent increase to N3.93 billion in 2019 compared with N3.38 billion in 2018, the Profit after Tax moved up by 17 per cent to N2.91billion in 2019 as against N2.48 billion recorded as at December 2018.

The statement, in addition, showed a 25 per cent growth in total assets from N73.77 billion to N92.28 billion within the same…

Source: Nigerian Tribune