AXA Mansard Insurance Plc reports N386m as profit in Q1 2022

AXA Mansard Insurance Plc recently published First Quarter results for the period ended 31 March 2021.

The underwriting firm reported a turnover of N28.636 billion, up by 14.19% from N25.078 billion reported the previous year.

Profit after tax reported for the 3 months period was N386.28 million, down by 85.32% from N2.63 billion reported in Q1 2021.

Earnings per share of the company dropped by 85% to 4 kobo from the EPS of 29 kobo reported the previous year.

At the share price of N2.25, the P/E ratio of AXA Mansard stands at 52.42x with earnings yield of 1.91%.

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