LClose 0.47 Price 0.47
Change 0.00 (0.00%) Low 0.47
High 0.47 EPS 0.08
52WkHigh 0.61 52WkLow 0.41
50d Mov Avg 0.47 200d Mov Avg 0.47
AvgDlyVol 334.35K 3MthChg 0.01 (2.17%)
6MthChg -0.04 (-7.84%) 12MthChg -0.08 (-14.55%)
Beta -0.1104243 Risk Factor 0.002675417
PE 6.16 Shares Outs. 13.25B
Div. Yield 6.38 Market Cap 6.23B
Volume 387.53K # Of Trades 4
Trades Value 182.14K
Sector Insurance Carriers, Brokers and Services
Company Profile

Prestige Assurance Plc, a general insurance company, provides insurance products and services in Nigeria. It offers fire and special perils, business interruption/consequential loss, burglary/housebreaking, cash-in-transit/safe, group/individual personal accidents, workmen's compensation, contractor's/erection all risks, machinery breakdown, miscellaneous accident, motor, marine cargo and hull, goods-in-transit, oil and energy, aviation hull and liability, and special contingencies insurance products. The company also provides lease financing, risk management advisory, policy audit, and customer education services. It serves conglomerates, steel and iron ore companies, manufacturing and warehouse businesses, and banks and other financial institutions, as well as engineering and construction, information technology, telecommunication, textile, plastics, pharmaceuticals, and oil and gas companies. The company was founded in 1952 and is headquartered in Lagos, Nigeria. Prestige Assurance Plc is a subsidiary of New India Assurance Company Limited.

Website:	www.prestigeassuranceplc.com
Founded in:	1952

Income statement

Statement of Comprehensive Income as at

Name Amount
Gross Premium Written 3,808,516.00
Decrease in unearned premium -423,438.00
Gross Premium income 3,385,078.00
Reinsurance expenses -1,936,567.00
Net premium income 1,448,481.00
Fees and commission income 501,948.00
Net underwriting income 1,950,429.00
Claims expenses 655,735.00
Acquisition expences 483,596.00
Acquisition expenses 483,596.00
Maintenance expences 475,703.00
Maintenance expenses 475,703.00
Underwriting expenses 1,615,034.00
Underwriting profit 335,395.00
Investment income 830,939.00
Net fair value gain/(loss) on financial assets 40,602.00
Net fair value gain/(loss) on investment property
Other operating income 30,774.00
Management expences
Results from operating activities 706,215.00
Finance costs -8,226.00
Management expenses -683,933.00
Profit before income tax expense 697,989.00
Income tax expence -166,148.00
Profit for the year 531,841.00
Profit before income tax expenses 697,989.00
Income tax expenses -166,148.00
Net Gain on valuable of Available-for-sale financial assets 779,413.00
Items within OCI that will not be reclassified to profit/loss in subsequent periods net of tax:
Other comprehensive income:
Re-measurement (loss)/gain on defined benefit plan -23,274.00
Items within OCI that may be reclassified to profit or loss or in subsequent period net of tax:
Gain/Loss on revaluation of land and buildings -8,121.00
Net Gain on valuation of available-for-sale financial assets 779,413.00
Total other comprehensive income for the year, net of tax 748,018.00
Items within OCI that will not be reclassified to profit/loss in subsequent periods net of tax:
Total comprehensive income for the year, net of tax 1,279,859.00
Basic earnings per ordinary share (kobo) 9.90
Diluted earnings per ordinary share (kobo) 9.90
Total comprehensive income for the year, net of net 1,279,859.00

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Most Recent Financial Statements for PRESTIGE ASSURANCE CO. PLC.
Board of directors
Name Title
Hassan Usman Non-Executive Chairman
Balla Swamy Managing Director/Chief Executive Officer, Executive Director
Emmanuel Oluwadare Chief Financial Officer
Chandrakant Kale Executive Director Risk Control & Operations
Eunice Aina Assistant General Manager Human Resources & Administration, Estate & Establishment
Peri Sarma Deputy General Manager Technical
Josephine Gbuji Assistant General Manager Claims
Patricia Jibirin-Yaro Assistant General Manager Underwriting
Abayomi Odulana Company Secretary
Kochunni Kumar Non-Executive Director
Muftau Oyegunle Non-Executive Director
Gopalan Raghu Non-Executive Director