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Home Markets Equities Company Results

Mutual Benefits Assurance Plc boosts post tax profits by 25.9%

Blurb Team @Nairametrics by Blurb Team @Nairametrics
February 14, 2021
in Company Results, Markets
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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.

Tags: Mutual Benefits Assurance
Blurb Team @Nairametrics

Blurb Team @Nairametrics

The "Blurb Team" is the official conveyer of the opinions of the Nairametrics Research & Analysis Board on matters of financial reports, macroeconomic data, and economic policies.

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