Prestige Assurance Income Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Premiums & Annuity Revenue	25,161	19,586	13,547	11,505	4,594
Total Interest & Dividend Income	2,948	2,178	1,270	1,098	827.95
Gain (Loss) on Sale of Investments	242.22	124.37	140.6	-9.7	26.87
Other Revenue	-4,687	586.14	-598.27	665.18	989.86
Total Revenue	23,664	22,475	14,359	13,259	6,438
Revenue Growth (YoY)	5.29%	56.52%	8.30%	105.93%	30.03%
Policy Benefits	21,236	23,974	15,754	14,229	2,363
Policy Acquisition & Underwriting Costs	-	-3,930	-3,424	-2,681	2,419
Selling, General & Administrative	1,571	11.11	13.31	14.02	1,026
Provision for Bad Debts	83.22	36.36	295.29	-3.25	-
Other Operating Expenses	-29.14	1,560	1,175	1,218	-11.03
Total Operating Expenses	23,409	21,652	13,814	12,776	5,803
Operating Income	255.23	822.81	545.69	482.41	635.41
Interest Expense	-0.85	-2.1	-1.6	-1.73	-1.28
Currency Exchange Gain (Loss)	-283.77	1,894	821.11	-5.56	55.93
Other Non Operating Income (Expenses)	-8.91	-49.46	-	-	-0.72
EBT Excluding Unusual Items	-38.3	2,666	1,365	475.12	689.33
Gain (Loss) on Sale of Assets	3.6	1.48	10.33	14.34	3.42
Asset Writedown	775.97	422.82	28.31	95.82	39.2
Other Unusual Items	-	-	-	0.01	-
Pretax Income	741.34	3,090	1,404	586.33	732.23
Income Tax Expense	132.01	-146.46	93.39	84.07	43.94
Net Income	609.33	3,236	1,310	502.26	688.28
Net Income to Common	609.33	3,236	1,310	502.26	688.28
Net Income Growth	-81.17%	146.97%	160.91%	-27.03%	1.47%
Shares Outstanding (Basic)	13,253	13,253	13,253	13,253	13,253
Shares Outstanding (Diluted)	13,253	13,253	13,253	13,253	13,253
Shares Change (YoY)	-	-	-	-	91.08%
EPS (Basic)	0.05	0.24	0.10	0.04	0.05
EPS (Diluted)	0.05	0.24	0.10	0.04	0.05
EPS Growth	-81.17%	146.96%	160.92%	-26.98%	-46.93%
Free Cash Flow	-2,144	1,280	760.5	-1,160	-534.35
Free Cash Flow Per Share	-0.16	0.10	0.06	-0.09	-0.04
Dividend Per Share	-	-	0.020	-	0.015
Dividend Growth	-	-	-	-	-40.00%
Operating Margin	1.08%	3.66%	3.80%	3.64%	9.87%
Profit Margin	2.57%	14.40%	9.13%	3.79%	10.69%
Free Cash Flow Margin	-9.06%	5.69%	5.30%	-8.75%	-8.30%
EBITDA	405.52	947.63	623.74	593.33	737.15
EBITDA Margin	1.71%	4.22%	4.34%	4.47%	11.45%
D&A For EBITDA	150.3	124.82	78.05	110.92	101.74
EBIT	255.23	822.81	545.69	482.41	635.41
EBIT Margin	1.08%	3.66%	3.80%	3.64%	9.87%
Effective Tax Rate	17.81%	-	6.65%	14.34%	6.00%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.