Mutual Benefits Assurance Plc (NGX:MBENEFIT)
Nigeria flag Nigeria · Delayed Price · Currency is NGN
0.610
0.00 (0.00%)
At close: Mar 11, 2025

Mutual Benefits Assurance Company Description

Mutual Benefits Assurance Plc, together with its subsidiaries, engages in the general and life insurance underwriting, risk management, financial services, microfinance banking, and real estate activities in Nigeria, Liberia, and Niger Republic.

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/house-owner comprehensive, 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, and whole life assurance policies; mutual education guarantee assurance; 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 retails and microfinance banking services.

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

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

Mutual Benefits Assurance Plc
Country Nigeria
Founded 1995
Industry Insurance Carriers
Employees 342
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