Prestige Assurance Plc (NGX:PRESTIGE)

Prestige Assurance Income Statement

Financials in millions NGN. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	25,056	19,586	13,547	11,505	4,594	3,471
Total Interest & Dividend Income	2,457	2,178	1,270	1,098	827.95	622.55
Gain (Loss) on Sale of Investments	281.53	124.37	140.6	-9.7	26.87	51.07
Other Revenue	586.14	586.14	-598.27	665.18	989.86	806.65
Total Revenue	28,381	22,475	14,359	13,259	6,438	4,952
Revenue Growth (YoY)	48.35%	56.52%	8.30%	105.93%	30.03%	14.22%
Policy Benefits	29,109	23,974	15,754	14,229	2,363	1,704
Policy Acquisition & Underwriting Costs	-3,300	-3,930	-3,424	-2,681	2,419	1,774
Depreciation & Amortization	-7.41	-	-	-	-	-
Selling, General & Administrative	692.67	11.11	13.31	14.02	1,026	835.58
Provision for Bad Debts	36.36	36.36	295.29	-3.25	-	-
Other Operating Expenses	1,033	1,560	1,175	1,218	-11.03	-9.58
Total Operating Expenses	27,773	21,652	13,814	12,776	5,803	4,307
Operating Income	607.83	822.81	545.69	482.41	635.41	644.65
Interest Expense	-2.02	-2.1	-1.6	-1.73	-1.28	-5.71
Currency Exchange Gain (Loss)	-116.44	1,894	821.11	-5.56	55.93	84.42
Other Non Operating Income (Expenses)	438.15	-49.46	-	-	-0.72	5.32
EBT Excluding Unusual Items	927.52	2,666	1,365	475.12	689.33	728.67
Gain (Loss) on Sale of Assets	3.6	1.48	10.33	14.34	3.42	0.55
Asset Writedown	422.82	422.82	28.31	95.82	39.2	-43.55
Other Unusual Items	-	-	-	0.01	-	0.14
Pretax Income	1,351	3,090	1,404	586.33	732.23	685.91
Income Tax Expense	-243.76	-146.46	93.39	84.07	43.94	7.6
Net Income	1,595	3,236	1,310	502.26	688.28	678.31
Net Income to Common	1,595	3,236	1,310	502.26	688.28	678.31
Net Income Growth	-51.76%	146.97%	160.91%	-27.03%	1.47%	57.08%
Shares Outstanding (Basic)	13,253	13,253	13,253	13,253	13,253	6,935
Shares Outstanding (Diluted)	13,253	13,253	13,253	13,253	13,253	6,935
Shares Change (YoY)	-	-	-	-	91.08%	9.03%
EPS (Basic)	0.12	0.24	0.10	0.04	0.05	0.10
EPS (Diluted)	0.12	0.24	0.10	0.04	0.05	0.10
EPS Growth	-51.51%	146.96%	160.92%	-26.98%	-46.93%	44.07%
Free Cash Flow	218.08	1,280	760.5	-1,160	-534.35	430.76
Free Cash Flow Per Share	0.02	0.10	0.06	-0.09	-0.04	0.06
Dividend Per Share	-	-	0.020	-	0.015	0.025
Dividend Growth	-	-	-	-	-40.00%	-
Operating Margin	2.14%	3.66%	3.80%	3.64%	9.87%	13.02%
Profit Margin	5.62%	14.40%	9.13%	3.79%	10.69%	13.70%
Free Cash Flow Margin	0.77%	5.69%	5.30%	-8.75%	-8.30%	8.70%
EBITDA	712.44	947.63	623.74	593.33	737.15	725.86
EBITDA Margin	2.51%	4.22%	4.34%	4.47%	11.45%	14.66%
D&A For EBITDA	104.6	124.82	78.05	110.92	101.74	81.21
EBIT	607.83	822.81	545.69	482.41	635.41	644.65
EBIT Margin	2.14%	3.66%	3.80%	3.64%	9.87%	13.02%
Effective Tax Rate	-	-	6.65%	14.34%	6.00%	1.11%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.