Mutual Benefits Assurance Plc reports a loss of N1.98 billion in HY 2021.

Mutual Benefits Assurance Plc released its unaudited financial results for the period ended June 30, 2021.

• Net premium income for the period was N11.97 billion. (+52.1% YoY)
• Fee and commission income of N359.18 million. (+7.4% YoY)
• Net benefits and claims totalled N3.61 billion. (+26.2% YoY)
• Underwriting profit was N5.53 billion. (+106.7% YoY)
• A loss after tax of N1.98 billion was recorded during the period.
• Loss per share of -10 kobo (-242.9% YoY)

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