Mutual Benefits Assurance Plc boosts post tax profits by 25.9%

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

  • Net Premium Income of N16.02 billion (+4.76% YoY).
  • Total claims paid during the year was N7.84 billion. (+32.22% YoY)
  • Underwriting profit of N4.01 billion. (-25.68% YoY)
  • Profit after tax for the year was N4.55 billion. (+25.92% YoY)
  • Earnings per share 40 kobo vs 36 kobo YoY.

See link to results.