AXA Mansard Insurance Plc (NGX:MANSARD)

AXA Mansard Insurance Income Statement

Financials in millions NGN. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	153,949	131,667	82,753	69,219	37,142	31,716
Total Interest & Dividend Income	14,004	11,255	8,159	5,609	5,565	5,252
Gain (Loss) on Sale of Investments	1,693	-393.97	-2,661	917.84	-596.7	295.61
Other Revenue	4,852	3,642	2,186	1,786	2,108	3,112
Total Revenue	174,499	146,171	90,437	77,533	44,219	40,376
Revenue Growth (YoY)	44.62%	61.63%	16.64%	75.34%	9.52%	15.15%
Policy Benefits	142,439	118,006	71,484	61,174	24,999	22,140
Policy Acquisition & Underwriting Costs	-	-	-	-	3,473	2,648
Selling, General & Administrative	3,968	4,521	2,883	1,737	1,676	1,265
Provision for Bad Debts	735.91	735.91	209.17	257.85	86.05	121.95
Other Operating Expenses	11,025	8,703	5,962	4,218	5,324	4,510
Total Operating Expenses	165,630	138,291	85,888	72,206	39,184	33,620
Operating Income	8,869	7,880	4,549	5,327	5,035	6,756
Interest Expense	-1,126	-983.37	-1,381	-487.74	-541.54	-989.85
Currency Exchange Gain (Loss)	-2,660	26,923	15,980	-12.23	1,238	1,724
Other Non Operating Income (Expenses)	348.82	-0	0	-	2.37	-22.67
EBT Excluding Unusual Items	5,432	33,819	19,147	4,827	5,734	7,467
Gain (Loss) on Sale of Assets	21.7	15.3	14.84	5.74	11.4	850.46
Asset Writedown	-2,140	-2,140	-3,389	-1,356	39.98	-2,279
Pretax Income	3,313	31,694	15,773	3,477	5,785	6,039
Income Tax Expense	1,501	5,729	3,724	942.12	2,050	1,538
Earnings From Continuing Ops.	1,812	25,965	12,049	2,535	3,735	4,501
Earnings From Discontinued Ops.	-	-	-	-	-	39.25
Net Income to Company	1,812	25,965	12,049	2,535	3,735	4,540
Minority Interest in Earnings	-725.76	-1,094	-564.01	213.94	-570.31	269.02
Net Income	1,086	24,871	11,485	2,749	3,165	4,809
Net Income to Common	1,086	24,871	11,485	2,749	3,165	4,809
Net Income Growth	-96.21%	116.56%	317.81%	-13.15%	-34.19%	77.55%
Shares Outstanding (Basic)	9,000	9,000	9,000	9,000	9,000	9,000
Shares Outstanding (Diluted)	9,000	9,000	9,000	9,000	9,000	9,000
Shares Change (YoY)	-	-	-	-	-	0.13%
EPS (Basic)	0.12	2.76	1.28	0.31	0.35	0.53
EPS (Diluted)	0.12	2.76	1.28	0.31	0.35	0.53
EPS Growth	-96.23%	116.29%	317.82%	-12.74%	-33.96%	74.74%
Free Cash Flow	40,239	35,869	20,029	-3,285	6,735	-3,106
Free Cash Flow Per Share	4.47	3.98	2.23	-0.36	0.75	-0.34
Dividend Per Share	0.450	0.450	0.400	0.360	0.250	0.220
Dividend Growth	12.50%	12.50%	11.11%	44.00%	13.64%	-
Operating Margin	5.08%	5.39%	5.03%	6.87%	11.39%	16.73%
Profit Margin	0.62%	17.02%	12.70%	3.55%	7.16%	11.91%
Free Cash Flow Margin	23.06%	24.54%	22.15%	-4.24%	15.23%	-7.69%
EBITDA	9,993	8,983	5,261	6,098	5,642	7,263
EBITDA Margin	5.73%	6.15%	5.82%	7.87%	12.76%	17.99%
D&A For EBITDA	1,123	1,103	712.42	770.74	607.36	507.73
EBIT	8,869	7,880	4,549	5,327	5,035	6,756
EBIT Margin	5.08%	5.39%	5.03%	6.87%	11.39%	16.73%
Effective Tax Rate	45.31%	18.08%	23.61%	27.10%	35.43%	25.46%

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.