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Mutual Benefits Assurance Plc Reports N3.5bn Loss in Q3 2021 Results,(SP:N0.26k)

Nov 02, 2021   •   by   •   Source: Proshare   •   eye-icon 1326 views

Tuesday, November 2, 2021 / 3:15 PM / By NGX / Header Image Credit: Business Post Nigeria


Mutual Benefits Assurance Plc released its Q3 2021 Unaudited resultsfor the period ended September 30th, 2021.


 Key Highlights

  • GrossPremium grew by 52% to N22.5bn from N14.8bn in the previous quarter.

  • Loss beforetax stood at N3.3bn.

  • Loss aftertax stood at N3.5bn.

  • Net Assetsdeclined by -10% from N24.7bn to N22.1bn.

  • Share PriceCurrently Stands at N0:26k

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