Mutual Benefits Assurance Plc (NGX:MBENEFIT)
Nigeria
· Delayed Price · Currency is NGN 5.20
-0.02 (-0.38%)
At close: Mar 6, 2026
Mutual Benefits Assurance Income Statement
Financials in millions NGN. Fiscal year is January - December.
Millions NGN. Fiscal year is Jan - Dec.
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | 2020 - 2016 |
|---|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | 2020 - 2016 |
| Premiums & Annuity Revenue | 80,411 | 66,916 | 39,922 | 31,005 | 22,455 | Upgrade
|
| Total Interest & Dividend Income | 13,159 | 10,878 | 8,345 | 5,417 | 3,237 | Upgrade
|
| Gain (Loss) on Sale of Investments | 1,368 | 1,166 | -984.08 | -503.12 | -5,610 | Upgrade
|
| Other Revenue | 245.7 | 163.61 | 130.59 | 94.88 | 903.77 | Upgrade
|
| Total Revenue | 95,184 | 79,124 | 47,413 | 36,014 | 20,986 | Upgrade
|
| Revenue Growth (YoY) | 20.30% | 66.88% | 31.65% | 71.61% | -9.77% | Upgrade
|
| Policy Benefits | 66,155 | 65,846 | 34,999 | 27,269 | 11,703 | Upgrade
|
| Policy Acquisition & Underwriting Costs | - | - | - | - | 7,064 | Upgrade
|
| Selling, General & Administrative | 1,177 | 1,042 | 583.01 | 76.68 | 4,140 | Upgrade
|
| Provision for Bad Debts | - | - | - | - | 24.38 | Upgrade
|
| Other Operating Expenses | 1,769 | 1,737 | 2,290 | 2,317 | -159.71 | Upgrade
|
| Total Operating Expenses | 71,120 | 69,901 | 38,479 | 30,298 | 24,367 | Upgrade
|
| Operating Income | 24,063 | 9,223 | 8,935 | 5,716 | -3,381 | Upgrade
|
| Interest Expense | -1,961 | -2,466 | -5,254 | -4,485 | -1,570 | Upgrade
|
| Currency Exchange Gain (Loss) | -573.09 | 5,256 | 2,565 | 380.55 | -594.94 | Upgrade
|
| Other Non Operating Income (Expenses) | -1.15 | -0.31 | -0.29 | -0.29 | -200.98 | Upgrade
|
| EBT Excluding Unusual Items | 21,528 | 12,013 | 6,246 | 1,611 | -5,746 | Upgrade
|
| Gain (Loss) on Sale of Assets | 8.2 | 25.76 | 35.47 | 3.19 | 145.32 | Upgrade
|
| Asset Writedown | - | - | - | - | 10.77 | Upgrade
|
| Pretax Income | 21,539 | 12,042 | 6,282 | 1,614 | -5,590 | Upgrade
|
| Income Tax Expense | 662.75 | 724.32 | 393.09 | 680.12 | -165.36 | Upgrade
|
| Earnings From Continuing Ops. | 20,876 | 11,318 | 5,889 | 934.32 | -5,425 | Upgrade
|
| Net Income to Company | 20,876 | 11,318 | 5,889 | 934.32 | -5,425 | Upgrade
|
| Minority Interest in Earnings | -821.93 | -566.62 | -41.15 | 20.3 | -150.66 | Upgrade
|
| Net Income | 20,054 | 10,751 | 5,847 | 954.62 | -5,575 | Upgrade
|
| Net Income to Common | 20,054 | 10,751 | 5,847 | 954.62 | -5,575 | Upgrade
|
| Net Income Growth | 86.53% | 83.86% | 512.54% | - | - | Upgrade
|
| Shares Outstanding (Basic) | 20,061 | 20,061 | 20,061 | 20,061 | 15,531 | Upgrade
|
| Shares Outstanding (Diluted) | 20,061 | 20,061 | 20,061 | 20,061 | 15,531 | Upgrade
|
| Shares Change (YoY) | - | - | - | 29.17% | 39.02% | Upgrade
|
| EPS (Basic) | 1.00 | 0.54 | 0.29 | 0.05 | -0.36 | Upgrade
|
| EPS (Diluted) | 1.00 | 0.54 | 0.29 | 0.05 | -0.36 | Upgrade
|
| EPS Growth | 86.53% | 83.86% | 512.55% | - | - | Upgrade
|
| Free Cash Flow | 1,783 | 8,584 | 7,211 | 3,992 | 1,571 | Upgrade
|
| Free Cash Flow Per Share | 0.09 | 0.43 | 0.36 | 0.20 | 0.10 | Upgrade
|
| Dividend Per Share | - | 0.020 | - | - | - | Upgrade
|
| Operating Margin | 25.28% | 11.66% | 18.84% | 15.87% | -16.11% | Upgrade
|
| Profit Margin | 21.07% | 13.59% | 12.33% | 2.65% | -26.57% | Upgrade
|
| Free Cash Flow Margin | 1.87% | 10.85% | 15.21% | 11.09% | 7.48% | Upgrade
|
| EBITDA | 24,675 | 9,785 | 9,238 | 6,066 | -3,057 | Upgrade
|
| EBITDA Margin | 25.92% | 12.37% | 19.48% | 16.84% | -14.57% | Upgrade
|
| D&A For EBITDA | 611.93 | 561.12 | 303.28 | 350.87 | 323.87 | Upgrade
|
| EBIT | 24,063 | 9,223 | 8,935 | 5,716 | -3,381 | Upgrade
|
| EBIT Margin | 25.28% | 11.66% | 18.84% | 15.87% | -16.11% | Upgrade
|
| Effective Tax Rate | 3.08% | 6.02% | 6.26% | 42.13% | - | Upgrade
|
Source: S&P Capital IQ. Insurance template. Financial Sources.