The shareholders of AXA Mansard Insurance Plc. have approved a dividend of N630million for the year ended December 31, 2017. The shareholders gave their approval at the company’s 26th Annual General Meeting (AGM) held in Lagos. The approved dividend represents six kobo per share.
At the AGM, the shareholders applauded the company for not incurring any penalty or fine during the year and for prompt settlement of claims. Addressing the shareholders, the chairman of the company, Mr. Olusola Adeeyo stated that the firm closed the year with positive results despite the slow recovery of the economy.
Reviewing the year, he stated that the firm grew Gross Premium by 30 per cent to N26.8 billion, from N20.7 billion in 2016, driven by sustained growth of health business, as well as large ticket property and causality transactions.
Also, the Chief Executive Officer, Mr. Kunle Ahmed said the company took decisive steps in 2017 towards improving its business effectiveness and ability to serve customers better which resulted in the impressive performance recorded.