The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Mutual Benefits Assurance's Dividend Payout Ratio for the
months ended in Dec. 2025 was 0.00.
The historical rank and industry rank for Mutual Benefits Assurance's Dividend Payout Ratio or its related term are showing as below:
During the past 11 years, the highest Dividend Payout Ratio of Mutual Benefits Assurance was 0.13. The lowest was 0.03. And the median was 0.08.
NSA:MBAS's Dividend Payout Ratio is not ranked *
in the Insurance industry.
Industry Median: 0.38 * Ranked among companies with meaningful Dividend Payout Ratio only.
During the past 11 years, the highest Trailing Annual Dividend Yield of Mutual Benefits Assurance was 0.63%. The lowest was 0.37%. And the median was 0.49%.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.
Mutual Benefits Assurance (NSA:MBAS) Dividend Payout Ratio Explanation
In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
Mutual Benefits Assurance Dividend Payout Ratio Related Terms
Mutual Benefits Assurance Dividend Payout Ratio Historical Data
* 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.
Mutual Benefits Assurance Dividend Payout Ratio Chart
NSA:MBAS vs BRK.A, AIG, HIG: Dividend Payout Ratio Comparison
For the Insurance - Diversified subindustry, Mutual Benefits Assurance's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Mutual Benefits Assurance Dividend Payout Ratio vs Insurance Industry
For the Insurance industry and Financial Services sector, Mutual Benefits Assurance's Dividend Payout Ratio distribution charts can be found below:
* The bar in red indicates where Mutual Benefits Assurance's Dividend Payout Ratio falls into.
Mutual Benefits Assurance Dividend Payout Ratio Calculation
The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.
Mutual Benefits Assurance's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Mutual Benefits Assurance (NSA:MBAS) has a Dividend Payout Ratio of 0.00 as of Dec. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Mutual Benefits Assurance and its competitors. Over the past decade, Mutual Benefits Assurance's Dividend Payout Ratio has ranged from 0.03 to 0.13. According to the industry distribution chart, Mutual Benefits Assurance ranks #999999 out of 336 companies in the Insurance industry.
Is Mutual Benefits Assurance's Dividend Payout Ratio too high?
Mutual Benefits Assurance's current Dividend Payout Ratio is 0.00. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 0.13. Based on the distribution chart, Mutual Benefits Assurance ranks #999999 out of 336 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Mutual Benefits Assurance has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mutual Benefits Assurance's Dividend Payout Ratio compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Mutual Benefits Assurance ranks #999999 out of 336 companies for Dividend Payout Ratio. This places Mutual Benefits Assurance in the lower half of its industry. The industry median Dividend Payout Ratio is 0.38. Historically, Mutual Benefits Assurance's own Dividend Payout Ratio has ranged from 0.03 to 0.13 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for an Insurance company?
The median Dividend Payout Ratio among Insurance companies is 0.38, based on 336 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Mutual Benefits Assurance and its competitors. For the Insurance industry, the median Dividend Payout Ratio is 0.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mutual Benefits Assurance's current Dividend Payout Ratio is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mutual Benefits Assurance stock overvalued right now?
Based on GuruFocus' analysis, Mutual Benefits Assurance (NSA:MBAS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦2.25, compared to a current price of ₦3.84 — trading 70.7% above its estimated fair value. The current Dividend Payout Ratio is 0.00. Mutual Benefits Assurance's overall GF Score™ is 59/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Mutual Benefits Assurance (NSA:MBAS), the current Dividend Payout Ratio is 0.00 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Mutual Benefits Assurance (NSA:MBAS) Overvalued in 2026?
Based on GuruFocus' analysis, Mutual Benefits Assurance stock appears to be overvalued.
The current stock price of ₦3.84 is trading 70.7% above its estimated GF Value™ of ₦2.25.
GuruFocus considers Mutual Benefits Assurance to be Significantly Overvalued.
Key valuation signals for NSA:MBAS:
Dividend Payout Ratio: 0.00
GF Value™: ₦2.25 vs. price of ₦3.84 (70.7% above fair value)
No single metric tells the full story. See the NSA:MBAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mutual Benefits Assurance PLC is a financial and wealth protection company in Nigeria. The principal objective of the Company is to render qualitative life related insurance & risks management services. It is a premium provider of life insurance, annuity and investment products and services. It has four reportable operating segments; assurance business, real estate, microfinance bank, and oil and gas exploration and production. The majority of revenue comes from Assurance business which covers the protection of customers' assets (Particularly their properties, both for personal and commercial business) and indemnification of other parties that have suffered damage as a result of customers accident. It has presence in Nigeria, and Liberia.
59GF Score
Get the complete analysis for NSA:MBAS
Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSA:MBAS has been successfully added to your 
