WorldStage Newsonline– Mutual Benefits Assurance Plc, a major player in Nigeria’s insurance sector has released its consolidated and separate statement of profit or loss for the year ended 31 December 2020 with an increase in gross premium written to N5.378 billion in fourth quarter (Q4) from N4.944 billion in Q4 2019.
The gross premium written for the full year rose to N20.194 billion from N18.698 billion in 2019.
While profit after tax rose by 104.5% to N2.155 billion in Q4 from N1.054 billion in 2019, it rose lower by 25.9% to N4.548 billion in full year from N3.612 billion in 2019.
