AXA Mansard Insurance Plc’s profit for year 2025 dropped by N20.51billion, sliding from N25.97 billion in 2024 to N5.46 billion in 2025.

The company in its unaudited financial statement December 31, 2025, submitted to the Nigerian Exchange, noted that the Profit Before Tax (PBT) also fell from N31.69 billion in 2024 to N6.12 billion in 2025, which is a drop of N25.57 billion.

Commenting on the results, the firm’s Chief Financial Officer Mrs. Ngozi Ola-Israel, said: “Profit Before Tax for FY25 stood at ₦6.12 billion, reflecting an 81 per cent decline from FY 2024. This outcome was largely attributable to the non-recurrence of ₦27 billion foreign exchange gains included in FY24 earnings vs ₦0.9 billion foreign exchange loss included in FY25 earnings.

“Excluding this one-off impact, underlying profitability improved, with adjusted profits increasing by 46 per cent year-on-year. This performance reflects disciplined execution across underwriting, sound risk management, and ongoing improvements in operational efficiency despite a year filled with high claims severity and frequency in the P&C and Health portfolios.”

Also commenting on AXA Mansard’s FY 25 Unaudited results, the Chief Executive Officer, AXA Mansard Insurance Kunle Ahmed, said: “The Group maintained a solid financial position during the year, supported by strong premium growth, prudent capital management, and adequate liquidity. While elevated claims and inflationary pressures impacted margins during the year, balance sheet strength and cash generation remained sound, positioning the Group to absorb near-term pressures and pursue selective growth opportunities.

“Specifically, relating to the new Minimum Capital Requirements specified in the NIIRA, our unaudited FY25 numbers position us to exceed the required ₦15 billion for Non-life business and ₦10 billion for our Life business.

“Looking ahead to FY 2026, management’s focus is firmly on ramping up earnings momentum and improving returns. Key priorities include accelerating profitable growth through pricing and portfolio optimisation, strengthening underwriting and claims discipline, and further embedding cost efficiency across the organisation.

“In parallel, continued investment in digital and data capabilities will support better risk selection, faster turnaround times, and improved customer outcomes.

“As the macroeconomic volatility moderates and foreign exchange gains normalise, we expect underlying earnings improvements to become more visible at the bottom line. With a strong balance sheet, disciplined execution, and a clear strategic focus, the Group remains well positioned to reverse the recent profit decline, strengthen returns, and deliver sustainable long-term value for shareholders.”