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Mutual Benefits Assurance Plc
A: Aret Adams House
233 Ikorodu Road, Ilupeju
Phone: +234 54644444p:+234 54644444 LAGOS, Nigeria Ticker: MBENEFITMBENEFIT

Business Summary
Mutual Benefits Assurance Plc is engaged in general and life insurance underwriting, risk management, financial services, microfinance banking and real estate. The Company operates through three segments: assurance business, real estate, and microfinance banking. The assurance business segment covers the protection of customers assets (particularly properties, both for personal and commercial business) and indemnification of other parties that have suffered damage as a result of customers accident. Its real estate segment undertakes real estate development project with the aim of outright sale or lease of the properties to meet the needs of individual and corporate bodies. The Company's microfinance banking segment undertakes provision of retails and microfinance banking services at the community level. It offers general business products, including Property Insurance, Fire and Special Perils, Professional Indemnity, Liability/Bond Insurance, Fidelity Guarantee, and Goods-in-Transit.

Scores and Ratings
FRISK®
Score
Z''
Score
PAYCE®
Score
DBT
Index
Moody's
Rating
Fitch
Rating
DBRS
Rating
Yes------

Financials, News and Filings
Latest
Statement
Last
Audit

News
SEC
Filings
Bankruptcy
Filings
Suit &
Judgment
Filings
Tax
Lien
Filings
12/31/202312/31/2022Yes----

Industries
SIC Code Description
6331 Fire, marine, and casualty insurance
6311 Life insurance

Officers and Directors

Title

Name

Age
Title
Date
Start
Date
Non-Executive Chairman Akin A.Ogunbiyi 7/1/2016
Managing Director/CEO FemiAsenuga 12/23/2019 12/23/2019
Independent Non-Executive Vice Chairman W. B.Dabiri
6 additional Officers and Directors records available in full report.

Business Names
Business Name
MBENEFIT
MBENEFT

General Information
Number of Employees: 613 (As of 12/31/2011)
Outstanding Shares: 20,061,122,397 (As of 12/31/2023)
Shareholders: 38,489
Stock Exchange: NIG
Fax Number: +234 12712985


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Friday, March 29, 2024