saw a two-fifth drop in profit for the financial year 2022 much as gross premium written expanded, its unaudited earnings report showed on Tuesday.
Bucking the financial performance, shares in the company gained 6.3 per cent per unit in Lagos, its biggest daily gain in more than five weeks, following the release of its financial statements. It owed the jump in gross premium income to a reasonable improvement in income from AXA Mansard Health . Hurting earnings, changes in annuity reserves fell to N147.6 million, plunging 83.6 per cent. In the same vein, other income shrank from N948.5 million to N229.8 million, no thanks to a much depressed sundry income.
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