2026-01-02 09:00:00
According to Punch, multiple listed insurers filed earnings forecasts indicating a combined profit after tax of N10.59bn for Q1 2026, with major contributions expected from AIICO, AXA Mansard, Regency Alliance and International Energy Insurance.
The projection is framed as filing-driven rather than speculative—anchored on company guidance submitted to the Nigerian Exchange—signalling expectations around premium growth and investment income performance.
Analysts caution that profit forecasts assume stable conditions; swing factors include claims ratios, investment yields, FX exposure on assets and consumer pressures that can dampen premium uptake.
Validation: DMarketForces reported AIICO’s disclosed target and quoted: “AIICO Insurance Plc has set N5.088 billion as expected profit…” TradingView’s Reuters earnings snippet reported AXA Mansard’s outlook and quoted: “insurance revenue 47.18 billion naira, PBT 4.24 billion naira.”
Echotitbits take: Insurance is quietly becoming a capital-market story. Watch whether these forecasts translate into stronger solvency buffers, broader product innovation beyond compulsory covers and better claims trust—profit is good, credibility is the long-term asset.
Source: The Punch — 2026-01-02 (https://punchng.com/insurance-firms-project-n10-59bn-combined-q1-profit/)
The Punch 2026-01-02
Photo Credit: The Punch