FAQ's Insurance

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WHO IS AXA?

AXA Group is the global leader in insurance and asset management with 160,000 employees serving 102 million clients in 56 countries. In 2013, AXA’s IFRS revenues amounted to €91.3 billion, IFRS underlying earnings were €4.7 billion while assets under management were €1,114 billion. This year AXA has been recognized by global brand consultancy Interbrand,™  as the 1st insurance brand worldwide for the 6th consecutive year.

IS AXA ACQUIRING AXA MANSARD?

AXA intends to strengthen its presence in Africa and enter the fast-growing Nigerian insurance market, in line with its ‘Ambition AXA’ strategy. With this acquisition beneficial ownership of AXA Mansard majority shares transfers to AXA.

Where is AXA based, do they have presence elsewhere in Africa?

AXA is a global company but headquartered in France and has African operations in Cameroon, Gabon, Ivory Coast, Morocco, Senegal, Algeria and now in Nigeria.

Will this acquisition result in change in AXA Mansard leadership?

AXA has described AXA Mansard leadership as an ‘‘experienced and successful management team’’ and also indicated that AXA Mansard would retain its management team, staff and values.  AXA Mansard is still the Same Company with the Same People and the Same Values which are identical to those of AXA.

Will the company name be changed again?

AXA is the #1 insurance brand globally, the brand is valued at $8.12 billion. AXA has operations in fifty six countries of the world. When AXA acquires a company, the company name is usually changed to AXA or joined with the powerful AXA brand.  The change may be immediate or after a while. There is no indication yet on the possibility and timing of a name change, however any name change will be subject to regulatory and shareholder approvals.

How will the acquisition work? How will the company be operated?

AXA Mansard’s operations would continue as usual. It is the same Company with the same people and sharing similar core values. However, AXA Mansard will now be included as part of AXA’s Mediterranean & Latin American Region.

What are the benefits of this acquisition to AXA Mansard?

AXA Mansard would be able to capitalize on AXA’s experience, skills and actuarial know-how to deliver higher levels of product innovation, underwriting capacity and operational excellence to both corporate and retail clients.

Where do I go now to buy a policy?

You can buy polices at any of our several AXA Mansard Welcome Centres in Lagos, Abuja, Port Harcourt, Enugu, Minna, Kaduna, Ibadan, Uyo, most GTBank branches across the country, select FCMB and Stanbic IBTC branches in Lagos. You can also visit our website www.axaAXA Mansard.com. Remember, we are still the Same Company, Same People with the Same Values.

Does the acquisition have any financial benefit for AXA?

AXA will benefit locally from the knowledge of an experienced and successful management team and from the profitable company it has acquired. This acquisition also represents a further step in AXA’s expansion strategy.

How much did AXA pay?

A little less than €200 million.

Which company presently acts as independent auditors?

PricewaterhouseCoopers. The auditors have been assigned to audit AXA Mansard Insurance plc from 2012.

If my contact details change, how do I update my contact details?

You can update your contact details via our website under investor relations sections which has a form for information update. This update will be forwarded to our Registrar or alternatively you can contact the Registrar directly:  DataMax Registrars Limited7 Anthony Village Road, AnthonyP.M.B 10014, Shomolu, Lagos State. Tel: 234-1-2716090-4, 2716097, 2716098 Fax: 234-1-2716095 - 6Email: datamax@datamaxregistrars.com

If I lose my certificate or have any transaction regarding my shareholdings in AXA Mansard Insurance plc, who should I contact?

Contact Omowunmi Adewusi on: 01-2701560-5, 01-4485482.

Can my dividend be paid directly into my bank account?

Dividends can be paid directly to your bank account provided you instruct us to do so. Kindly complete our dividend mandate form to instruct us. Dividend mandate forms can be downloaded here or obtain it from the Registrar:  DataMax Registrars Limited7 Anthony Village Road, AnthonyP.M.B 10014, Shomolu, Lagos State. Tel: 234-1-2716090-4, 2716097, 2716098 Fax: 234-1-2716095 - 6Email: datamax@datamaxregistrars.com

What should I do if I haven’t received my dividend warrant or certificate?

If you have not received your dividend warrant or certificate, contact:  DataMax Registrars Limited7 Anthony Village Road, AnthonyP.M.B 10014, Shomolu, Lagos State. Tel: 234-1-2716090-4, 2716097, 2716098 Fax: 234-1-2716095 - 6Email: datamax@datamaxregistrars.com

How can I get more information on AXA Mansard Insurance plc’s financial performance?

Our financial statements are published on our website www.axamansard.com. You can obtain more information from the site or call the Investor Relations team on 01 270 1560-5 ext 2190.

How do I buy AXA Mansard Insurance plc ordinary shares?

AXA Mansard Insurance plc shares can be bought and sold by contacting your stockbroker.

Is AXA Mansard still a Nigerian company?

Yes. We are registered as a Nigerian company and listed on the floor of The Nigerian Stock Exchange (NSE).

Is there a problem with the Company?

No, AXA Mansard is doing very well. From 2005-2013, AXA Mansard Insurance grew turnover at a compounded annual growth rate (CAGR) of 44%. In 2013 GWP was NGN 13.6 billion, Net income was NGN 2.1 billion, a 31% increase over 2012.Agusto & Co rated the Company A+ for Credit Risk in 2014 and most recently in December 2015, AM Best, the world’s leading specialist insurance rating agency, upgraded AXA Mansard Insurance’s rating for Financial Strength to B+ from B and its Issuer Credit Rating to bbb- from bb+. These ratings are the highest received by any insurance company in Nigeria. As AXA Mansard joins the AXA Group, AXA Mansard is better positioned to deliver even higher levels of product innovation, underwriting capacity and operational excellence to both corporate and retail clients.