Mutual Benefits Assurance Plc grows profit by 41% to N5.11 billion in FY 2020.

Mutual Benefits Assurance Plc released its full-year results for the year ended 31st of December, 2020.

  • Net premium income was N16.08 billion. (+5% YoY)
  • Net benefits and claims of N7.9 billion. (+35% YoY)
  • Underwriting profit was N3.7 billion. (-32% YoY)
  • Profit for the year was N5.11 billion. (+41% YoY)
  • Earnings per share of 46 kobo Vs 36 kobo YoY.
  • Total shareholders’ fund was N23.35 billion. (+74% YoY)
  • No dividend announcement was made.

See link to results.

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