AXA Mansard Insurance Plc has unveiled its H1 2026 forecast, signalling cautious optimism.
The company expects a post-tax profit of ₦3.6 billion, equivalent to earnings of ₦0.40 per share.
Strong Profit Forecast
This figure declines from H1 2025’s ₦6.7 billion, reflecting last year’s exceptional performance.
In H1 2025, the group generated insurance revenue of ₦81.1 billion, driven by strong results across all segments.
Notably, health insurance contributed 38%, oil and gas 24%, and fire insurance 10.3% to total revenue.
Looking ahead, these core products will remain the group’s top revenue drivers in H1 2026.
Consequently, the company projects total insurance revenue of ₦90.7 billion, an 11.85% year-on-year increase.
Meanwhile, AXA Mansard expects insurance service expenses of ₦62.8 billion and reinsurance costs of ₦17.8 billion.
After covering these costs, it anticipates insurance service results of ₦10.1 billion, reflecting 10% growth.
AXA Mansard Operational Performance
Investment income should rise slightly to ₦7.9 billion, improving from 2025’s sharp decline.
Furthermore, operating expenses of ₦13.3 billion will yield a pretax profit of ₦4.2 billion for H1 2026.
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With an expected tax charge of ₦638.4 million, net profit should settle at ₦3.6 billion.
AXA Mansard achieved strong full-year 2025 performance, as premiums rose 21.3% to ₦159.5 billion.
Simultaneously, it paid claims of ₦79 billion and grew total assets to ₦228.2 billion, strengthening the balance sheet.
Moreover, retained earnings in equities reached ₦32.1 billion, representing 58.8% of shareholder funds.
Market Confidence
The company delivered a 67% return on shares in 2025, trading over 665 million units on the Nigerian Exchange.
So far in 2026, shares gained more than 10%, peaking at ₦18.40 before settling at ₦15.20, boosting investor confidence.
Finally, the company expects cash and bank balances to reach ₦31.2 billion, securing liquidity for continued growth.
Overall, AXA Mansard balances revenue growth, expense control, and investor confidence, strengthening its market position.
