MBENEFIT Declares N3.6bn PAT in 2019 Audited Results, (SP:N0.22k)


Wednesday, June 10, 2020 / 5:21 PM / NSE / Header Image Credit: Mutual Benefits Assurance

Mutual Benefit Assurance Plc released its 2019 Audited results for the period ended December 31st, 2019.

Key Highlights

  • Gross Premium grew by 18% to N18.7bn from N15.8bn in the previous quarter.

  • Profit before tax grew by 171.8% to N3.8bn.

  • Profit after tax grew by 214% to N3.6bn.

  • Net Assets grew by 50.3% to N13.4bn from N8.9bn.

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