BY NKECHI BAECHE-ESEZOBOR—Mutual Benefits Assurance Plc has projected Gross Written Premium (GWP) of N69.2 billion and a profit after tax of N14.1 billion for the nine months ending September 30, 2026, according to its earnings forecast submitted to the Nigerian Exchange Limited (NGX).
The insurer disclosed in its regulatory filing that insurance revenue for the period is expected to reach N58.5 billion, reflecting anticipated growth across its underwriting operations.
A breakdown of the projected premium income indicates that the Non-Life business will contribute 73 per cent of the total Gross Written Premium, while the Life segment is expected to account for the remaining 27 per cent.
The company also forecast a profit before tax of N16.03 billion for the nine-month period, underscoring expectations of sustained earnings growth supported by both underwriting performance and investment returns.
According to the forecast, investment income will be driven largely by the company’s holdings in financial assets, reinforcing the importance of its investment portfolio in overall profitability.
Mutual Benefits noted that certain non-cash items have been incorporated into the Statement of Profit or Loss and Other Comprehensive Income. These include depreciation of non-current assets in line with accounting policies, amortisation of intangible assets, and net fair value gains or losses arising from financial assets.
The earnings forecast provides shareholders and market participants with guidance on the company’s expected financial performance for the period and reflects its compliance with NGX disclosure requirements.
Market analysts will be watching closely to see how the insurer delivers on its projections amid evolving market conditions and ongoing efforts to strengthen its position within Nigeria’s insurance industry.
