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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	23,029	19,586	13,547	11,505	4,594	3,471
Total Interest & Dividend Income	2,390	2,178	1,270	1,098	827.95	622.55
Gain (Loss) on Sale of Investments	226.16	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	26,231	22,475	14,359	13,259	6,438	4,952
Revenue Growth (YoY)	52.29%	56.52%	8.30%	105.93%	30.03%	14.22%
Policy Benefits	26,960	23,974	15,754	14,229	2,363	1,704
Policy Acquisition & Underwriting Costs	-3,165	-3,930	-3,424	-2,681	2,419	1,774
Selling, General & Administrative	777.21	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	1,460	1,560	1,175	1,218	-11.03	-9.58
Total Operating Expenses	26,068	21,652	13,814	12,776	5,803	4,307
Operating Income	163.23	822.81	545.69	482.41	635.41	644.65
Interest Expense	-2.08	-2.1	-1.6	-1.73	-1.28	-5.71
Currency Exchange Gain (Loss)	-13.3	1,894	821.11	-5.56	55.93	84.42
Other Non Operating Income (Expenses)	-49.16	-49.46	-	-	-0.72	5.32
EBT Excluding Unusual Items	98.68	2,666	1,365	475.12	689.33	728.67
Gain (Loss) on Sale of Assets	2.38	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	521.18	3,090	1,404	586.33	732.23	685.91
Income Tax Expense	-447.49	-146.46	93.39	84.07	43.94	7.6
Net Income	968.67	3,236	1,310	502.26	688.28	678.31
Net Income to Common	968.67	3,236	1,310	502.26	688.28	678.31
Net Income Growth	-72.62%	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)	0.05%	-	-	-	91.08%	9.03%
EPS (Basic)	0.07	0.24	0.10	0.04	0.05	0.10
EPS (Diluted)	0.07	0.24	0.10	0.04	0.05	0.10
EPS Growth	-72.60%	146.96%	160.92%	-26.98%	-46.93%	44.07%
Free Cash Flow	928.77	1,280	760.5	-1,160	-534.35	430.76
Free Cash Flow Per Share	0.07	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	0.62%	3.66%	3.80%	3.64%	9.87%	13.02%
Profit Margin	3.69%	14.40%	9.13%	3.79%	10.69%	13.70%
Free Cash Flow Margin	3.54%	5.69%	5.30%	-8.75%	-8.30%	8.70%
EBITDA	296.53	947.63	623.74	593.33	737.15	725.86
EBITDA Margin	1.13%	4.22%	4.34%	4.47%	11.45%	14.66%
D&A For EBITDA	133.3	124.82	78.05	110.92	101.74	81.21
EBIT	163.23	822.81	545.69	482.41	635.41	644.65
EBIT Margin	0.62%	3.66%	3.80%	3.64%	9.87%	13.02%
Effective Tax Rate	-	-	6.65%	14.34%	6.00%	1.11%

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