Underwriter declares N44.97b GWP, reassures shareholders of returns
AXA Mansard Insurance Plc has recorded a Gross Written Premium (GWP) of N44.97 billion in its business half-year ending on June 30, 2022, promising shareholders more returns on investment in the years to come.
The insurer, at the weekend, disclosed this in its financial statement made available to The Guardian. The achievement represents a 21 per cent increase from N37.18 billion achieved in the corresponding period last year.
According to the company, the net premium income was N22.75 billion, 31 per cent up from N17.42 billion recorded in the comparative period. Operating expenses was N4.8 7 billion, 10 per cent higher than N4.41 billion recorded in 2021.