![[Corporate Action] Mutual Benefit Assurance Records 80% Drop in Profits 2015](https://nairametrics.com/wp-content/uploads/2015/08/profit-drop.png)
Mutual Benefit Assurance recorded an 80% drop in pre-tax profits for 2015 Full Year. Pre-tax profits reduced from N806million in 2014 to N165million in 2015. See Summary of result below….
| Mutual Benefit Assurance FULL YEAR | Mar-15 | Mar-14 | Change |
| N’m | N’m | ||
| Net Premium | 1,730 | 2,387 | -28% |
| Underwriting Profits | 581 | 1,218 | -52% |
| Other Income & Investment Income | 90 | 301 | -70% |
| Operating Expenses | -1036 | -889 | 17% |
| Pre-tax profits | 165 | 806 | -80% |
| Profit After Tax | 110 | 649 | -83% |
| Current Share Price | 0.50 |
