For the first quarter of 2025, AXA Mansard Insurance Plc recorded a 52% drop in profits, with a profit falling to 6.21 billion naira, compared to 12.88 billion naira in the same period of the previous year.

The significant decrease in profits is mainly due to a combination of increased operating expenses, higher claims, and more. losses and depreciations of financial assets. Spending on insurance services jumped by 47%, from 18.57 billion naira in the first quarter of 2024 to 27.29 billion naira in the first quarter of 2024 to 27.29 billion naira in the first quarter of 2025. This increase is largely due to a higher volume of claims and to net expenses related to reinsurance contracts held. The company recorded a net charge of N8.58 billion from its reinsurance business, up slightly from N8.57 billion in the same period last

The company's earnings per share in the first quarter fell to 69 kobo from 140 kobo in the same period last year. This represents a 51% drop in EPS, reflecting the challenges of the current operating environment. Malgré la baisse des bénéfices, le résultat global total d' AXA Mansard For the first quarter it was raised to 7.93 billion naira, an increase of 42% compared to 5.6 billion naira in the first quarter of 2024