Mutual Benefits PLC Reports NGN465 Million Loss In Q3

Newrest ASL

Mutual Benefits PLC is not in positive territory as its books are showing the company reported a net loss of NGN465 million for the third quarter of the year.

The company reported that is gross premium written for the quarter fell from NGN12 billion compared to NGN9,8 billion.

As opposed to last year, Mutual Benefits PLC said it paid NGN896 million compared to NGN1,5 billion paid out last  year.

The company’s net asset has increased to NGN50 billion compared to NGN46,1 billion disclosed last year.

Corporate information

Mutual Benefits Assurance Plc (MUTUAL), has evolved into a conglomerate consisting of value-adding companies with diverse interests in various sectors of the Nigerian economy through investments, strategic alliances and partnerships. Today, MUTUAL is a leading brand in the Nigerian Insurance industry with over 5,000 staff in its employment.

MUTUAL is strong, well capitalized with a team of highly trained professionals, a respectable Board and access to the International Insurance Market

MUTUAL is the flagship of insurance in Liberia and also runs a full-fledged insurance operation in Republic of Niger, where we commenced business in January, 2014.

At MUTUAL, we pride ourselves in delivering excellent services to all our stakeholders.

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