Mutual Benefits Assurance Reports Strong 2025 Financial Growth

Mutual Benefits Assurance Plc announced its audited financial results for the year ending December 31, 2025, showcasing a robust performance marked by significant growth in profit and insurance revenue. The company reported insurance revenue of ₦80.05 billion, up from ₦66.92 billion in 2024, driven by growth across key business segments.

Profit for the year increased to ₦16.42 billion compared to ₦11.32 billion in 2024, while profit before tax rose to ₦17.41 billion from ₦11.80 billion the previous year. Total assets expanded to ₦176.25 billion, up from ₦147.13 billion in 2024, reinforcing the strength of the balance sheet.

Total equity grew to ₦69.73 billion from ₦54.79 billion in 2024, supporting retained earnings. Earnings per share improved to 81 kobo from 54 kobo the previous year.

The net investment income reached ₦19.87 billion, contributing to higher interest income and fair value gains, reflecting disciplined portfolio management. The operational performance in insurance services also improved significantly, with results of ₦8.77 billion compared to ₦1.07 billion in 2024.