By Ngozi Onyeakusi—— AXA Mansard Insurance Plc, a major player in Nigeria’s insurance industry has  released its and subsidiary companies’ unaudited financial statements  for 31 December 2020 with gross written premium  growth to N47.583 billion from N43.620 billion in 2019.

Profit for the year as well  grew by 47.7% to N4.296 billion from N2.908 billion in 2019.

The underwriter in its earnings forecast for the first quarter (Q1) 2021 planned to rake in 14% growth in gross premium written to N24.095 billion from N21.085 billion in Q1 2020.
The company in the forecast sent to the Nigerian Stock Exchange is expecting a 12% rise in profit after taxation to N2.044 billion from N1.822 billion in Q1 2020.

The forecast projected cash/bank balances at the end of the period to drop to N6.840 billion from N17.911 billion at the beginning.