Mutual Benefits Assurance Plc has released its audited financial results for the year ended December 31, 2025, showcasing a robust performance with sharp gains in profitability, a surge in insurance revenue, and a strengthened balance sheet. The figures highlight the company’s resilience, disciplined strategy, and solid footing in Nigeria’s competitive insurance sector.
The audited statements, covering both consolidated and separate financials, reveal sustained momentum across underwriting, investment income, and operational efficiency. Insurance revenue climbed to N80.05 billion, up from N66.92 billion in 2024, driven by growth across key business lines. Profit for the year rose to N16.42 billion, compared to N11.32 billion the previous year, reflecting a strong bottom-line expansion. Profit before tax hit N17.41 billion, up from N11.80 billion in 2024.
Total assets expanded to N176.25 billion, up from N147.13 billion, reinforcing the company’s financial strength. Total equity grew to N69.73 billion from N54.79 billion, supported by retained earnings and improved profitability. Earnings per share increased to 81 kobo, compared to 54 kobo in the prior year. The insurer also recorded a higher net investment income of N19.87 billion, buoyed by increased interest income, fair value gains, and disciplined portfolio management.
Operationally, Mutual Benefits reported a significant improvement in its insurance service result, which rose to N8.77 billion from N1.07 billion in 2024. This reflects stronger underwriting discipline, better claims management, and enhanced reinsurance structuring.
