Mutual Benefits Assurance Plc (NGX:MBENEFIT)
Nigeria
· Delayed Price · Currency is NGN 0.8600
+0.0100 (1.18%)
At close: Apr 22, 2025
Mutual Benefits Assurance Income Statement
Financials in millions NGN. Fiscal year is January - December.
Millions NGN. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | 2014 - 2018 |
|---|---|---|---|---|---|---|---|
Period Ending | Sep '24 Sep 30, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | Dec '19 Dec 31, 2019 | 2014 - 2018 |
| Premiums & Annuity Revenue | 53,295 | 39,922 | 31,005 | 22,455 | 16,079 | 15,289 | Upgrade
|
| Total Interest & Dividend Income | 9,863 | 8,345 | 5,417 | 3,237 | 3,048 | 3,832 | Upgrade
|
| Gain (Loss) on Sale of Investments | 71.54 | -984.08 | -503.12 | -5,610 | 3,363 | 974.96 | Upgrade
|
| Other Revenue | 139.14 | 130.59 | 94.88 | 903.77 | 768.25 | 521.43 | Upgrade
|
| Total Revenue | 63,369 | 47,413 | 36,014 | 20,986 | 23,258 | 20,618 | Upgrade
|
| Revenue Growth (YoY) | 42.20% | 31.65% | 71.61% | -9.77% | 12.80% | 13.65% | Upgrade
|
| Policy Benefits | 53,194 | 34,999 | 27,269 | 11,703 | 8,193 | 6,187 | Upgrade
|
| Policy Acquisition & Underwriting Costs | - | - | - | 7,064 | 4,932 | 4,186 | Upgrade
|
| Selling, General & Administrative | 449.12 | 493.22 | 76.68 | 4,140 | 3,959 | 3,797 | Upgrade
|
| Provision for Bad Debts | - | - | - | 24.38 | 43.89 | 23.87 | Upgrade
|
| Other Operating Expenses | 2,854 | 2,380 | 2,317 | -159.71 | 5.88 | 29.52 | Upgrade
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| Total Operating Expenses | 57,214 | 38,479 | 30,298 | 24,367 | 19,498 | 16,778 | Upgrade
|
| Operating Income | 6,155 | 8,935 | 5,716 | -3,381 | 3,760 | 3,840 | Upgrade
|
| Interest Expense | -4,520 | -5,254 | -4,485 | -1,570 | -22.82 | -43.42 | Upgrade
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| Currency Exchange Gain (Loss) | 6,783 | 2,565 | 380.55 | -594.94 | 212.24 | -48.95 | Upgrade
|
| Other Non Operating Income (Expenses) | -0.62 | -0.29 | -0.29 | -200.98 | -421.51 | 4.9 | Upgrade
|
| EBT Excluding Unusual Items | 8,418 | 6,246 | 1,611 | -5,746 | 3,528 | 3,753 | Upgrade
|
| Impairment of Goodwill | - | - | - | - | - | -1.54 | Upgrade
|
| Gain (Loss) on Sale of Assets | 22.04 | 35.47 | 3.19 | 145.32 | 8.15 | 2.79 | Upgrade
|
| Asset Writedown | - | - | - | 10.77 | -70 | 0 | Upgrade
|
| Other Unusual Items | - | - | - | - | 1,576 | - | Upgrade
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| Pretax Income | 8,440 | 6,282 | 1,614 | -5,590 | 5,042 | 3,754 | Upgrade
|
| Income Tax Expense | 1,502 | 393.09 | 680.12 | -165.36 | -67.18 | 141.82 | Upgrade
|
| Earnings From Continuing Ops. | 6,938 | 5,889 | 934.32 | -5,425 | 5,109 | 3,612 | Upgrade
|
| Net Income to Company | 6,938 | 5,889 | 934.32 | -5,425 | 5,109 | 3,612 | Upgrade
|
| Minority Interest in Earnings | -67.24 | -41.15 | 20.3 | -150.66 | 22.61 | 30.51 | Upgrade
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| Net Income | 6,871 | 5,847 | 954.62 | -5,575 | 5,132 | 3,643 | Upgrade
|
| Net Income to Common | 6,871 | 5,847 | 954.62 | -5,575 | 5,132 | 3,643 | Upgrade
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| Net Income Growth | 581.00% | 512.54% | - | - | 40.88% | 222.90% | Upgrade
|
| Shares Outstanding (Basic) | 20,061 | 20,061 | 20,061 | 15,531 | 11,172 | 10,103 | Upgrade
|
| Shares Outstanding (Diluted) | 20,061 | 20,061 | 20,061 | 15,531 | 11,172 | 10,103 | Upgrade
|
| Shares Change (YoY) | - | - | 29.17% | 39.02% | 10.58% | 26.30% | Upgrade
|
| EPS (Basic) | 0.34 | 0.29 | 0.05 | -0.36 | 0.46 | 0.36 | Upgrade
|
| EPS (Diluted) | 0.34 | 0.29 | 0.05 | -0.36 | 0.46 | 0.36 | Upgrade
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| EPS Growth | 581.01% | 512.55% | - | - | 27.59% | 157.14% | Upgrade
|
| Free Cash Flow | 12,254 | 7,071 | 3,992 | 1,571 | 2,118 | 22.12 | Upgrade
|
| Free Cash Flow Per Share | 0.61 | 0.35 | 0.20 | 0.10 | 0.19 | 0.00 | Upgrade
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| Operating Margin | 9.71% | 18.84% | 15.87% | -16.11% | 16.17% | 18.63% | Upgrade
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| Profit Margin | 10.84% | 12.33% | 2.65% | -26.57% | 22.07% | 17.67% | Upgrade
|
| Free Cash Flow Margin | 19.34% | 14.91% | 11.09% | 7.48% | 9.11% | 0.11% | Upgrade
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| EBITDA | 6,548 | 9,238 | 6,066 | -3,057 | 4,119 | 4,355 | Upgrade
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| EBITDA Margin | 10.33% | 19.48% | 16.84% | -14.57% | 17.71% | 21.12% | Upgrade
|
| D&A For EBITDA | 392.8 | 303.28 | 350.87 | 323.87 | 358.97 | 514.97 | Upgrade
|
| EBIT | 6,155 | 8,935 | 5,716 | -3,381 | 3,760 | 3,840 | Upgrade
|
| EBIT Margin | 9.71% | 18.84% | 15.87% | -16.11% | 16.17% | 18.63% | Upgrade
|
| Effective Tax Rate | 17.79% | 6.26% | 42.13% | - | - | 3.78% | Upgrade
|
Updated Mar 13, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.