AXA Mansard Insurance Plc, a member of the global AXA Group, has reported a 24% year-on-year increase in insurance revenue, reaching N81.15 billion for the half-year ended June 30, 2025.
The company’s strong performance was driven by growth across all three of its core business segments: Property & Casualty, Life & Savings, and Health.
The health insurance segment led the growth, rising 48% to N31.58 billion, reflecting increased demand for health-related insurance services.
AXA Mansard’s Chief Financial Officer, Ngozi Ola-Israel, attributed the revenue growth to strong policy renewals and consistent inflows from new business across its key product lines.
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AXA Mansard’s Chief Executive Officer, Kunle Ahmed, described the first-half performance as a reflection of the company’s operational strength and strategic direction.
He added that the company will maintain its focus on quality growth, prudent risk management, and capital efficiency to navigate the evolving market environment and create long-term value for stakeholders.
The company’s Gross Written Premiums also rose by 23% year-on-year to N115.31 billion, with Property & Casualty premiums rising 11% to N52.60 billion, Life & Savings by 18% to N16.78 billion, and Health premiums surging by 41% to N45.93 billion.
AXA Mansard will leverage its strong first-half results to boost shareholder returns, deliver sustainable value, and drive business growth with confidence.
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