Mutual Benefits Assurance Plc reports loss after tax of N1.97 billion in Q1 2021.

Mutual Benefits Assurance Plc released its unaudited interim results for the first quarter of the year (Q1, 2021).

  • Net premium income was N5.45 billion. (+27.1% YoY)
  • Net benefits and claims of N1.35 billion. (+70.5% YoY)
  • Underwriting profit was N3.17 billion. (+23.9% YoY)
  • Loss after tax was N1.97 billion. (-312% YoY)
  • Loss per share of 19 kobo. (-311% YoY).
  • Total shareholders fund for the period was N21.4 billion

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