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Prestige Assurance Plc (Nigeria)

Main Activities: Insurance Carriers
Full name: Prestige Assurance Plc Profile Updated: March 13, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

restige Assurance Plc is a major general insurance Company in Nigeria with over 60 years of undisputable prestigious services. Prestige Assurance was incorporated as a limited liability company on 6th January 1970 and licenced to write all classes of Non-life insurance in Nigeria. Prior to its incorporation, the company has operated as a branch office of The New India Assurance Company Limited Mumbai for eighteen years. As one of the largest insurance company in Nigeria, Prestige has a shareholders’ fund in excess of 5.9Billion as at 30th September 2015 and has established a reputation for excellent delivery of insurance products and services, especially in special risks, such as oil & energy, aviation, engineering, and industrial risk management.

Headquarters
19, Ligali Ayorinde Street, Victoria Island, P.O.Box 650 Marina
Lagos; Lagos;

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Website: http://www.prestigeassuranceplc.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
1970
Key Executives
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Chairman
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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78.32%
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6.1%
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency NGN. Absolute financial data is included in the purchased report.
Net insurance premium revenue
4.14%
Operating profit (EBIT)
N/A
Net Profit (Loss) for the Period
-56.6%
Total assets
5.67%
Investments
38.43%
Receivables
-7.41%
Total equity
-0.84%
Net Premiums Earned Trend
-13.55%
Net Profit Trend
-56.56%
Return on Equity (ROE)
-3.83%
Loss Ratio
-15.4%
Underwriting Expenses Ratio
14.61%

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