Prestige Assurance Plc (NGX:PRESTIGE)

Prestige Assurance Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	19,558	13,547	11,505	4,594	3,471
Total Interest & Dividend Income	2,192	1,270	1,098	827.95	622.55
Gain (Loss) on Sale of Investments	124.37	140.6	-9.7	26.87	51.07
Other Revenue	1,464	-598.27	665.18	989.86	806.65
Total Revenue	23,339	14,359	13,259	6,438	4,952
Revenue Growth (YoY)	62.54%	8.30%	105.93%	30.03%	14.22%
Policy Benefits	20,375	15,754	14,229	2,363	1,704
Policy Acquisition & Underwriting Costs	-	-3,424	-2,681	2,419	1,774
Selling, General & Administrative	1,523	13.31	14.02	1,026	835.58
Provision for Bad Debts	-	295.29	-3.25	-	-
Other Operating Expenses	-1.27	1,175	1,218	-11.03	-9.58
Total Operating Expenses	21,897	13,813	12,776	5,803	4,307
Operating Income	1,442	545.69	482.41	635.41	644.65
Interest Expense	-1.71	-1.6	-1.73	-1.28	-5.71
Currency Exchange Gain (Loss)	1,890	821.11	-5.56	55.93	84.42
Other Non Operating Income (Expenses)	-14.85	-0	-	-0.72	5.32
EBT Excluding Unusual Items	3,316	1,365	475.12	689.33	728.67
Gain (Loss) on Sale of Assets	1.48	10.33	14.34	3.42	0.55
Asset Writedown	-	28.31	95.82	39.2	-43.55
Other Unusual Items	-	-	0.01	-	0.14
Pretax Income	3,320	1,404	586.33	732.23	685.91
Income Tax Expense	441.1	93.39	84.07	43.94	7.6
Net Income	2,879	1,310	502.26	688.28	678.31
Net Income to Common	2,879	1,310	502.26	688.28	678.31
Net Income Growth	119.67%	160.91%	-27.03%	1.47%	57.08%
Shares Outstanding (Basic)	13,253	13,253	13,253	13,253	6,935
Shares Outstanding (Diluted)	13,253	13,253	13,253	13,253	6,935
Shares Change (YoY)	-	-	-	91.08%	9.03%
EPS (Basic)	0.22	0.10	0.04	0.05	0.10
EPS (Diluted)	0.22	0.10	0.04	0.05	0.10
EPS Growth	119.66%	160.92%	-26.98%	-46.93%	44.07%
Free Cash Flow	-971.31	760.5	-1,160	-534.35	430.76
Free Cash Flow Per Share	-0.07	0.06	-0.09	-0.04	0.06
Dividend Per Share	-	0.020	-	0.015	0.025
Dividend Growth	-	-	-	-40.00%	-
Operating Margin	6.18%	3.80%	3.64%	9.87%	13.02%
Profit Margin	12.33%	9.13%	3.79%	10.69%	13.70%
Free Cash Flow Margin	-4.16%	5.30%	-8.75%	-8.30%	8.70%
EBITDA	1,567	623.74	593.33	737.15	725.86
EBITDA Margin	6.71%	4.34%	4.47%	11.45%	14.66%
D&A For EBITDA	124.85	78.05	110.92	101.74	81.21
EBIT	1,442	545.69	482.41	635.41	644.65
EBIT Margin	6.18%	3.80%	3.64%	9.87%	13.02%
Effective Tax Rate	13.29%	6.65%	14.34%	6.00%	1.11%

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