Mutual Benefits Assurance Plc announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced operating income was NGN 799.359 million compared to NGN 240.101 million a year ago. Net income was NGN 260.018 million compared to NGN 450.272 million a year ago. Basic earnings per share was NGN 0.12 compared to NGN 0.06 a year ago. For the full year, operating income was NGN 3,535.158 million compared to NGN 1,097.580 million a year ago. Net income was NGN 2,675.009 million compared to NGN 1,126.386 million a year ago. Basic earnings per share was NGN 0.33 compared to NGN 0.14 a year ago.