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 results underscore the company’s resilience, disciplined execution and strategic positioning within Nigeria’s insurance industry. Drawn from Mutual Benefits’ consolidated and separate financial statements, the audited results reflect sustained momentum across underwriting, investment income and operational efficiency.
Highlights of the company’s financial results on the NGX include a rise in insurance revenue to N80.05bn, up from N66.92bn in 2024, driven by growth across key business segments. Profit for the year increased to N16.42bn, compared to N11.32bn in 2024, reflecting strong bottom-line expansion, while profit before tax stood at N17.41bn, up from N11.80bn in the prior year.
Furthermore, total assets expanded to N176.25bn, compared to N147.13bn in 2024, reinforcing balance sheet strength. In addition,
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