Mutual Benefits Assurance Plc (NGX: MBENEFIT)
Nigeria flag Nigeria · Delayed Price · Currency is NGN
0.610
0.00 (0.00%)
At close: Oct 15, 2024

Mutual Benefits Assurance Company Description

Mutual Benefits Assurance Plc, together with its subsidiaries, primarily underwrites general and life insurance products in Nigeria and Liberia.

It operates through three segments: Assurance Business, Real Estate, and Microfinance Banking. The company’s general insurance products include fire and special perils, burglary/housebreaking, householder, comprehensive, house-owner, marine cargo, marine hull, motor, goods-in-transit, all risk insurance, contractors all risks, erection all risks, plant all risks, machinery breakdown, money, professional indemnity, fidelity guarantee, public liability, personal accident, bond, aviation, and oil and gas insurance products.

It also offers life insurance products comprising term assurance, keyman assurance, credit life assurance, mortgage protection, anticipated endowment assurance, whole life assurance, and mutual education guarantee assurance policies; mutual education endowment, individual savings and protection, personal pension and investment, micro personal pension and investment, and mutual dignity plans; mutual school fee guarantee scheme, mutual multilife shield, and group life assurance products.

In addition, the company protects customers assets and indemnification of other parties; and provides real estate development and risk management services, as well as retail and microfinance banking services.

It serves individual and corporate customers through a network of brokers, agencies, and direct marketing channels.

The company was incorporated in 1995 and is headquartered in Lagos, Nigeria.

Mutual Benefits Assurance Plc
Country Nigeria
Founded 1995
Industry Insurance Carriers
Employees 337
CEO Olufemi Asenuga

Contact Details

Address:
Aret Adams House
Lagos
Nigeria
Phone 234 905 464 4444
Website mutualng.com

Stock Details

Ticker Symbol MBENEFIT
Exchange Nigerian Stock Exchange
Fiscal Year January - December
Reporting Currency NGN
SIC Code 6300

Key Executives

Name Position
Olufemi Asenuga Chief Executive Officer
Ogunwo Ayodeji Chief Financial Officer
Adebiyi Ashiru-Mobolaji Chief Operating Officer