Mutual Benefits pays N2.6bn insurance claims in December 2025

Mutual Benefits Assurance Plc paid a total of ₦2.6 billion insurance claims to its policyholders in December 2025, reaffirming its commitment to prompt claims settlement and effective customer protection.

The insurer said the payments spanned multiple insurance classes, offering financial support to individuals, families, and businesses that experienced insured losses during the period. The development highlights the company’s continued dedication to meeting its obligations and strengthening trust in Nigeria’s insurance sector.

According to Mutual Benefits, timely claims settlement remains a core operational priority, as the company works to boost insurance adoption and reinforce confidence among current and prospective customers.

The substantial December payout also reflects the insurer’s operational strength and financial resilience, particularly in the face of prevailing economic pressures.

Industry observers note that consistent claims payment is a critical measure of an insurer’s credibility, with Mutual Benefits’ latest performance further solidifying its reputation as a reliable market player.

In a related development, the Managing Director of Mutual Benefits Assurance Plc, Femi Asenuga, was recently named among the Top 10 chief executives driving Nigeria’s best-performing stocks in 2025, according to data published by Nairametrics.

The ranking, which drew from figures released by the Nigerian Exchange Limited (NGX), recognised executives whose leadership contributed to strong market performance during the year.

Mutual Benefits Assurance Plc is one of Nigeria’s leading insurance providers, offering a broad portfolio of life and general insurance solutions designed for both individual and corporate clients.