MBENEFIT Declares N932m PAT in Q1 2020 Results, (SP:N0.21k)

Thursday, June 26, 2020 / 02:00 PM / NSE / Header Image Credit: Mutual Benefits Assurance

Mutual Benefits Assurance Plc released its Q1 2020 Unaudited results for the period ended March 31st, 2020.

Key Highlights

• Gross Premium declined by -2.6% to N5.6bn from N5.7bn in the previous quarter.

• Profit before tax declined by 3.9% to N1.1bn.

• Profit after tax grew by 4.7% to N932m.

• Net Assets grew by 7.4% from N14.4bn to N13.4bn.

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