Mutual Benefits Assurance (NSA:MBAS) Tax Rate % : 17.00% (As of Sep. 2023)

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What is Mutual Benefits Assurance Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Mutual Benefits Assurance's Tax Expense for the three months ended in Sep. 2023 was ₦318 Mil. Mutual Benefits Assurance's Pre-Tax Income for the three months ended in Sep. 2023 was ₦1,870 Mil. Therefore, Mutual Benefits Assurance's Tax Rate % for the quarter that ended in Sep. 2023 was 17.00%.

Mutual Benefits Assurance Tax Rate % Historical Data

The historical data trend for Mutual Benefits Assurance's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Mutual Benefits Assurance Tax Rate % Chart

Mutual Benefits Assurance Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Tax Rate %

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16.80

3.78

-1.33

2.96

17.80

Mutual Benefits Assurance Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23
Tax Rate %	Get a 7-Day Free Trial															8.35	56.57	-69.34	-	17.00

Mutual Benefits Assurance Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Mutual Benefits Assurance's Tax Rate % for the fiscal year that ended in Dec. 2022 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2022 )	/	Pre-Tax Income (A: Dec. 2022 )
	=	680.122	/	3821.47
	=	17.80 %

Mutual Benefits Assurance's Tax Rate % for the quarter that ended in Sep. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Sep. 2023 )	/	Pre-Tax Income (Q: Sep. 2023 )
	=	317.907	/	1870.373
	=	17.00 %

Mutual Benefits Assurance Tax Rate % Related Terms

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Mutual Benefits Assurance (NSA:MBAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Mutual Benefits Assurance PLC (NSA:MBAS) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

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Address

233 Ikorodu Road, Aret Adams House, Ilupeju, Lagos, NGA

Website

https://www.mutualng.com

Mutual Benefits Assurance PLC provides a range of insurance products and services in the areas of life assurance and general insurance. Its segment includes the Assurance business; Real estate and Microfinance. The company's offerings include group Auto Insurance, Health Insurance, Pure Investment Products, Anticipated Endowment, Mutual Annuity Products, and Investment Linked Schemes, among others.

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