Stock MBENEFIT MUTUAL BENEFITS ASSURANCE PLC
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Company Mutual Benefits Assurance Plc

Equities

MBENEFIT

NGMBENEFT000

Property & Casualty Insurance

End-of-day quote Nigerian S.E.
Other stock markets
 23:00:00 20/06/2024 BST 		5-day change 1st Jan Change
0.56 NGN 0.00% Intraday chart for Mutual Benefits Assurance Plc 0.00% +5.66%
02-02 Mutual Benefits Assurance Plc Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023 CI
2023 Mutual Benefits Assurance Plc Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023 CI

Business Summary

Mutual Benefits Assurance Plc. is an insurance group organized around 2 areas of activity:

- non life insurance (59% of gross written premium): car, fire, accident, marine, aviation, energy, engineering, travel and bonds insurances;

- life insurance (41%).

Gross written premium break down geographically as follows: Nigeria (86.7%), Niger (10.8%) and Liberia (2.5%).

Number of employees: 337

Sales per Business

NGN in Million2021Weight2022Weight Delta
Assurance
99.8 %
19,530 98.8 % 30,991 99.8 % +58.68%
Microfinance
0.2 %
108 0.5 % 61 0.2 % -43.43%
Real Estate
0.0 %
26 0.1 % 1 0.0 % -95.40%
Elimination Adjustment
0.0 %
109 0.5 % 0 0.0 % -100.00%

Sales per region

NGN in Million2021Weight2022Weight Delta
Nigeria
87.2 %
15,878 80.3 % 27,074 87.2 % +70.51%
Niger
10.4 %
2,787 14.1 % 3,228 10.4 % +15.85%
Liberia
2.2 %
865 4.4 % 688 2.2 % -20.41%
Global
0.2 %
134 0.7 % 62 0.2 % -53.61%
Elimination Adjustment
0.0 %
109 0.5 % 0 0.0 % -100.00%

Managers

Managers TitleAgeSince
Olufemi Asenuga CEO
 Chief Executive Officer - 31/12/96
Ogunwo Abayomi Ayodeji DFI
 Director of Finance/CFO - 30/11/14
Akin Ogunbiyi CHM
 Chairman - -
Titi Akinsiku CTO
 Chief Tech/Sci/R&D Officer - -
Edwin Alohan ADM
 Chief Administrative Officer - 31/10/97
Joseph Oladokun CTO
 Chief Tech/Sci/R&D Officer - -
Biyi Ashiru-Mobolaji COO
 Chief Operating Officer - 31/12/97
Adesoye Olatunji BRD
 Director/Board Member - -
Ellen Offo IRC
 Investor Relations Contact - 31/05/07
Olubunmi Adio HRO
 Human Resources Officer - -

Members of the board

Members of the board TitleAgeSince
Akin Ogunbiyi CHM
 Chairman - -
Adesoye Olatunji BRD
 Director/Board Member - -
Patrick Utomi BRD
 Director/Board Member - 04/08/21
Biyi Ashiru-Mobolaji COO
 Chief Operating Officer - 31/12/97
Kadaria Ahmed BRD
 Director/Board Member - 03/10/16
Olufemi Asenuga CEO
 Chief Executive Officer - 31/12/96
Eze Ebube BRD
 Director/Board Member - -
Akinboye Oyewumi BRD
 Director/Board Member - 31/12/15
Joseph Oladokun CTO
 Chief Tech/Sci/R&D Officer - -
Wunmi Eniola-Jegede BRD
 Director/Board Member - 29/03/23

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 20,061,622,397 7,920,000,000 ( 39.48 %) 500,000 ( 0.002492 %) 39.48 %

Company contact information

Mutual Benefits Assurance Plc

Aret Adams House 233 Ikorodu Road

101241, Lagos

+234 905 464 4444

http://plc.mutualng.com
address Mutual Benefits Assurance Plc(MBENEFIT)

Sector

Financials
Insurance
Insurance
Property & Casualty Insurance
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Sales per Business

Sales per region

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