Insurance coverage companies undertaking N10.59bn mixed Q1 revenue

Nigerian insurers are projected to document a mixed Revenue After Tax of N10.59bn for the primary quarter of 2026, in line with firm filings with the Nigerian Change Group.

The forecast displays robust contributions from main gamers, together with AIICO Insurance coverage Plc, Regency Alliance Insurance coverage Plc, AXA Mansard Insurance coverage Plc, and Worldwide Vitality Insurance coverage Plc.

AIICO Insurance coverage Plc leads the sector with a projected PAT of N5.06bn, pushed by an insurance coverage service results of N3.26bn and web funding revenue of N20.85bn. Its money movement outlook exhibits a web improve in money and money equivalents of N4.87bn, bringing closing money balances to N24.08bn.

Regency Alliance Insurance coverage Plc is predicted to ship a revenue after tax of N1.06bn, supported by insurance coverage income of N3.75bn and funding revenue of N420.27m. The corporate forecasts a web money improve of N238.63m, ending the quarter with N1.52bn in money and financial institution balances.

AXA Mansard Insurance coverage Plc tasks a PAT of N3.60bn, with insurance coverage income of N47.18bn and web funding and different revenue of N5.42bn. Regardless of funding outflows of N7.02bn, the corporate maintains a robust money place of N9.20bn on the quarter-end.

Worldwide Vitality Insurance coverage Plc forecasts a revenue after tax of N868.48m, based mostly on gross written premiums of N3.76bn and an insurance coverage service results of N2.71bn.

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