AXA Mansard Insurance Plc has released its earnings forecast for the first quarter ending March 31, 2026, projecting a robust start to the fiscal year with a profit after tax of N3.6 billion.
The forecast, submitted to the Nigerian Exchange Limited (NGX) and signed by Company Secretary Omowunmi Mabel Adewusi, underscores the insurer’s expectations of strong top-line growth and resilient investment income.
The group anticipates generating approximately N47.18 billion in insurance revenue during the first three months of the year. After accounting for insurance service expenses of N32.20 billion and net expenses from reinsurance contracts held totaling N9.78 billion, the company expects to deliver an insurance service result of N5.20 billion.
This indicates a disciplined approach to underwriting despite the inflationary pressures affecting claims and operational costs in the Nigerian economy.
In addition to its core insurance operations, AXA Mansard expects to benefit significantly from its investment portfolio.
The forecast projects net investment and other income to reach N5.42 billion for the quarter. This diversified revenue stream remains a critical component of the group’s strategy to hedge against market volatility and sustain profitability margins.
Operating expenses for the period are estimated at N6.18 billion, reflecting the company’s ongoing investments in digital transformation and customer service enhancements. Based on these projections, the group eyes a profit before taxation of N4.24 billion. After an estimated tax provision of N635.32 million, the net profit is expected to settle at N3.60 billion.
On the liquidity front, the insurer anticipates generating N4.33 billion from operating activities. While it projects an outflow of N7.02 billion from investing activities, the group expects to maintain a healthy cash position, with bank balances forecasted to close at N9.20 billion at the end of March 2026.
This earnings guidance follows a period of significant growth for the company; in its most recent full-year reports, AXA Mansard demonstrated a compound annual growth rate in revenue of over 30%.
Shareholders and market watchers will be looking to see if the group can maintain this momentum as it navigates the competitive landscape of the Nigerian insurance and asset management sectors in 2026.