AXA Mansard: results as at 30 September 2022

AXA Mansard has published its financial statements as at 30 September 2022. The company's turnover reached 57.9 billion NGN (133.86 million USD), a 19% increase compared to the same period in 2021.

During the first three quarters of 2022, the net profit amounted to 1.7 billion NGN (3.93 million USD), a 55% decline compared to the 3.8 billion NGN (9.25 million USD) recorded during the first nine months of 2021.

AXA Group's Nigerian subsidiary has been assigned a "B+" (good) financial strength and "bbb-" long-term credit rating by AM Best, with a stable outlook.