Mutual Benefits Assurance is a Nigerian insurer that has quietly grown into a mid-sized player in a market where most people still have no insurance at all. Its latest results show a company gaining momentum, not through noise, but through steady expansion of its underwriting book. Full nameMutual Benefits Assurance Plc Tickers / exchangeMBENEFIT / Nigerian Exchange (XNSA) HeadquartersLagos, Nigeria SectorInsurance (life and general) EmployeesNot published in available sources Market valueNot published in available sources Yearly sales (insurance revenue)₦80.05 billion (US$60.3 million), FY2025 Net profit₦16.42 billion (US$12.4 million), FY2025 Net …
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