Mutual Benefits Assurance Plc released its 2020 unaudited full year financial report on February 11, 2021. The Insurance Company reported a growth of 8.00% in Gross premium written, closing the period with N20.194 billion against the previous close of N18.698 billion in full Year 2019.

Profit before tax closed at 5.114 billion, up by 36.00% when compared with its previous close of N3.754 billion in full year 2019.

The Company’s score card revealed an improvement in Profit after tax of 25.92% to settle at N4.548 billion away from the previous report of N3.612 billion in full year 2019.

The Earnings per share for the period under review soared to N0.41 from the previous earnings per share of N0.32 in full year 2019.

With reference to the share price of N0.80, the P.E ratio of Mutual Benefit stands at 1.97x with earnings yield of 50.89%.