Mutual Benefits Assurance Reports ₦7.8 Billion Profit in Q2 2025

Mutual Benefits Assurance Plc has announced a profit before tax of ₦7.8 billion for the second quarter of 2025, reflecting strong growth fueled by increased insurance revenue and operational efficiency. The company’s financial statement for the period ended June 30, 2025, shows group insurance revenue rising to ₦21.87 billion, driven by higher premium collections and robust underwriting performance. The latest earnings underscore the firm’s continued recovery and upward trajectory, building on a strong first quarter where it had previously recorded a 214 percent profit growth. The Q2 result highlights the impact of the company’s strategic expansion into new markets, improved claims management, and digital transformation efforts across its core insurance operations. Despite the broader economic challenges in Nigeria, including inflation and exchange rate volatility, Mutual Benefits Assurance has maintained profitability through prudent financial management and increased penetration in life and non-life insurance segments. Its subsidiaries in Liberia and Niger, along with a microfinance bank in Nigeria, also contributed positively to group earnings. The company’s management attributed the performance to sustained investments in innovation, talent development, and customer engagement, which have started yielding measurable results. Mutual Benefits reaffirmed its commitment to delivering value to shareholders and supporting the growth of Nigeria’s insurance sector. With its Q2 results positioning it among the leading performers in the industry, the company is optimistic about sustaining momentum in the second half of the year, as it continues to tap into Nigeria’s underpenetrated but promising insurance market.