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AXA Mansard’s gross written premium is N43.6b - Printable Version +- Forums (http://contripeople.com) +-- Forum: General Discussion (http://contripeople.com/forumdisplay.php?fid=5) +--- Forum: Market Place (http://contripeople.com/forumdisplay.php?fid=77) +--- Thread: AXA Mansard’s gross written premium is N43.6b (/showthread.php?tid=34567)

AXA Mansard’s gross written premium is N43.6b - Edoman - 06-10-2020 AXA Mansard’s gross written premium is N43.6b June 10, 2020 [/url] [url=https://thenationonlineng.net/wp-content/uploads/2020/06/AXA-Mansard.png] AXA Mansard Insurance Plc recorded a Gross Written Premium (GWP) of N43.62 billion in 2019 up by 29 per cent from N33. 92 billion recorded in 2018, the Chief Executive Officer, AXA Mansard Insurance, Mr. Kunle Ahmed has said. Ahmed, in a statement, said the company’s net premium income also grew by 33 per cent to N26.29 billion from N19.70 billion within the period. He said while profit before tax recorded a 16 per cent increase to N3.93 billion in 2019 compared with N3.38 billion the previous year, 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. He said the result also showed a 25 per cent growth in total assets from N73.77 billion to N92.28 billion within the same period while the group’s shareholders’ funds increased to N25.26 billion from N20. 93 billion, a 21 per cent growth. He stated that  shareholders’ funds of N23.08 billion, went up by 38 per cent from N16.77 billion as at December 2018. He added that the company paid N17.884 billion claims in 2019 from N12. 130billion paid out in 2018. He said: “Our focus on identifying new growth areas in our markets, strengthening our partnerships and refining our distribution strategy continues to pay off as we grew revenues by 29 per cent, despite the challenging operating environment. The 44 per cent growth in net claims is also a testament of our capability to pay valid claims promptly, even as we transit from just a payer to the partner of our numerous customers,” he added.