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AXA Mansard overtakes AIICO Insurance to become most profitable listed firm

Axa Mansard has overtaken AIICO Insurance to become the most profitable listed insurers in Africa’s largest economy after net income more than doubled. AXA Mansard, the largest insurer by market capitalization, saw half year net income surged by 154.18 percent to N3.60 billion, as the insurer recorded improved underwriting position while operating and underwriting expenses…

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