Mutual Benefits Assurance incurs N1.975b loss in Q1 2021 despite 45.47% growth in premium
By Ngozi Onyeakusi—- Mutual Benefits Assurance Plc, one of the foremost underwriting companies has released its consolidated and separate statement of profit or loss for the first quarter ended 31st March 2021 thus recording a loss after tax of N1.975 billion from a profit of N931.798 million in Q1 2020.
Its group gross premium written stood at N8.112 billion against N5.577 billion recorded in comparable period of 2020
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