Mutual Benefits Assurance Plc grows profit by 41% to N5.11 billion in FY 2020.

Mutual Benefits Assurance Plc released its full-year results for the year ended 31st of December, 2020.

• Net premium income was N16.08 billion. (+5% YoY)
• Net benefits and claims of N7.9 billion. (+35% YoY)
• Underwriting profit was N3.7 billion. (-32% YoY)
• Profit for the year was N5.11 billion. (+41% YoY)
• Earnings per share of 46 kobo Vs 36 kobo YoY.
• Total shareholders’ fund was N23.35 billion. (+74% YoY)
• No dividend announcement was made.

See link to results.