AXA Mansard's Pre-Tax Profit Plummets 73% in H1 2025 Despite Revenue Growth

AXA Mansard Insurance Plc, a member of the global AXA Group, reported a significant decline of 73% in pre-tax profit for the first half of 2025. The company's insurance revenue saw a robust increase, with gross written premium growing by 23%.

Despite the profit decrease, AXA Mansard maintained solid top-line momentum, especially in its health insurance segment. The company attributed the profit decline to the absence of substantial foreign exchange gains that boosted earnings in the previous year.

The overall performance reflects a mix of growth and challenges in the Nigerian insurance market.