Mutual Benefits Assurance Plc reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported net income was NGN 154.76 million compared to net loss of NGN 480.44 million a year ago. Basic earnings per share from continuing operations was NGN 0.01 compared to basic loss per share from continuing operations of NGN 0.02 a year ago. Diluted earnings per share from continuing operations was NGN 0.01 compared to diluted loss per share from continuing operations of NGN 0.02 a year ago.
For the full year, net income was NGN 4,973.57 million compared to NGN 3,010.03 million a year ago. Basic earnings per share from continuing operations was NGN 0.25 compared to NGN 0.15 a year ago. Diluted earnings per share from continuing operations was NGN 0.25 compared to NGN 0.15 a year ago.