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Mutual Benefits Assurance Plc (Nigeria)

Main Activities: Insurance Carriers
Full name: Mutual Benefits Assurance Plc Profile Updated: October 29, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

Mutual Benefits Assurance Plc is a Nigeria-based company that offers life and general insurance classes. The principal objective of the Company is to render qualitative insurance and risks management services. General business products include property insurance, liability/bond insurance and special risk. Life insurance products include personal and group accident insurance, as well as individual savings and pension plans. The Company is engaged in financial and wealth protection in Nigeria. The Company operates through its subsidiaries which include Mutual Benefits Assurance Plc, Mutual Benefits Life Assurance Ltd., Mutual Benefits Microfinance Bank Ltd., Assurance Generales du Cameroun, Mutual Model Transport Ltd., TFS Securities & Investment Ltd., Mutual Benefits Assurance Company, Liberia, Charks Investment Ltd., and Mutual Benefits Homes & Properties Ltd.

Headquarters
Aret Adams House, 233 Ikorodu Road, Ilupeju, P. O. Box 70986
Lagos; Lagos;

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Website: http://www.mbaplc.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
1995
Key Executives
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Chairman
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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42.27%
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21.98%
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21.53%
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5.48%
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4.07%
Subsidiaries
Mutual Benefits Life Assurance Ltd
100%
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency NGN. Absolute financial data is included in the purchased report.
Net insurance premium revenue
17.69%
Operating profit (EBIT)
N/A
Net Profit (Loss) for the Period
38.43%
Total assets
22.84%
Investments
11.7%
Receivables
4.31%
Total equity
27.5%
Net Premiums Earned Trend
-7.82%
Net Profit Trend
N/A
Return on Equity (ROE)
1.33%
Loss Ratio
-6.96%
Underwriting Expenses Ratio
2.45%

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