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Mutual Benefits Assurance Plc (Nigeria)

Main Activities: Direct Life Insurance Carriers
Secondary Activities: Direct Property and Casualty Insurance Carriers
Full name: Mutual Benefits Assurance Plc Profile Updated: March 06, 2026
Buy our report for this company USD 29.95 Most recent financial data: 2025 Available in: English Download a sample report

Mutual Benefits Assurance Plc is an enterprise located in Nigeria, with the main office in Lagos. The company operates in the Direct Life Insurance Carriers sector. It was first established on April 03, 1995. 162 (2024) employees currently work for Mutual Benefits Assurance Plc. From the latest financial highlights, Mutual Benefits Assurance Plc reported a net sales revenue increase of 6973.62% in 2025. Its’ total assets recorded a growth of 18.48%.

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:
April 03, 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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Subsidiaries
Mutual Benefits Life Assurance Ltd
100%
Company Performance
Financial values in the chart are available after Mutual Benefits Assurance Plc report is purchased.
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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
6973.62%
Operating Profit
N/A
Net Profit/Loss for the Period
84.45%
Total Assets
18.48%
Investments
45.86%
Receivables
-0.65%
Total Equity
26.28%
Net Premiums Earned Trend
N/A
Net Profit Trend
-7.75%
Return on Equity (ROE)
9.52%
Underwriting Expenses Ratio
-372.22%

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