Mutual Benefits Assurance Plc has announced its audited financial results for the year ended 31 December 2025, reporting a strong performance marked by significant growth in profitability, improved insurance revenue and continued expansion of its balance sheet.
The audited results, drawn from Mutual Benefits’ consolidated and separate financial statements, reflect a rise in insurance revenue to N80.05 billion, up from N66.92 billion in 2024, driven by growth across key business segments.
Profit for the year increased to N16.42 billion, compared to N11.32 billion in 2024, reflecting strong bottom-line expansion, while profit before tax stood at N17.41 billion, up from N11.80 billion in the prior year.
The results underscore the company’s resilience, disciplined execution and strategic positioning within Nigeria’s insurance industry.
Furthermore, the result shows that total assets expanded to N176.25 billion, compared to N147.13 billion in 2024, reinforcing balance sheet strength. In addition, total equity grew to N69.73 billion, from N54.79 billion in 2024, supported by retained earnings and improved profitability, while earnings per share rose to 81 kobo, compared to 54 kobo in the previous year. The leading insurer also recorded improved net investment income of N19.87 billion, supported by higher interest income, fair value gains, and disciplined portfolio management.
