WorldStage– Underwriting group Mutual Benefits Assurance Plc has released its earnings forecast for the full year ending December 31, 2026, projecting a Gross Written Premium (GWP) of ₦96.82 billion and an Insurance Revenue of ₦89.42 billion.
According to a corporate earnings forecast filed with the Nigerian Exchange Limited (NGX), the group’s non-life business segment is expected to drive bulk performance, accounting for 72% of total projected GWP, while the life insurance subsidiary will contribute the remaining 28%.
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Key Highlights from the 2026 Earnings Forecast:
Gross Written Premium (GWP): Projected at ₦96.82 billion (₦96,824,901,000).
Insurance Revenue: Forecast at ₦89.42 billion (₦89,416,231,000).
Insurance Service Result: Expected at ₦8.66 billion, after accounting for ₦81.56 billion in projected insurance service expenses and ₦802.64 million in net income from reinsurance contracts held.
Investment & Net Financial Results: Net investment income, driven largely by financial asset investments, is projected at ₦13.16 billion, yielding a net insurance and investment result of ₦19.84 billion.
Profit Before Tax (PBT): Projected to reach ₦17.31 billion for the 12-month period.
Business Mix: Non-Life operations are forecasted to contribute 72% of total GWP, with Life operations representing 28%.
The earnings forecast underlines Mutual Benefits Assurance’s positive operational outlook and expanding underwriting footprint across Nigeria’s insurance sector.
