BUSINESS

Mutual Benefits Assurance Loses N1.48bn In Q3 2021

 

Mutual Benefits Assurance Plc, a major insurance firm has released its statement of profit or loss for period ended 30th September,2021 with a group loss after tax of N1.481 billion in three months from a profit of N826.529 million in Q3 2020.

Group loss for nine months stood at N3.465 billion from N2.393 billion profit in 2020.

Gross premium written in three month rose to N7.117 billion from N4.649 billion in Q3 2020. The figure for nine months rose to N 2.,457 billion from N14.816 billion in 2020.

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