Prestige Assurance Plc (NGX: PRESTIGE)

Prestige Assurance Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	13,027	7,312	3,690	2,514	2,432	1,691
Investments in Equity & Preferred Securities	4,540	4,540	2,799	2,458	2,230	2,122
Other Investments	-	106.43	5.48	852.69	504.04	852.69
Total Investments	20,531	14,926	9,391	8,636	7,915	7,431
Cash & Equivalents	2,482	2,859	3,428	4,312	1,370	798.11
Reinsurance Recoverable	6,997	7,408	6,721	5,871	3,198	2,371
Other Receivables	806.4	638.3	235.7	332.98	440.69	406.87
Deferred Policy Acquisition Cost	-	-	-	355.13	258.87	224.64
Property, Plant & Equipment	1,536	1,496	1,489	1,456	1,440	1,519
Other Intangible Assets	55.04	60.03	37.06	23.28	28.18	33.98
Restricted Cash	300	300	300	300	3,621	300
Other Current Assets	127.03	162.47	135.42	93.73	76.99	57.53
Other Long-Term Assets	-	-	301.52	199.2	156.49	37.12
Total Assets	32,835	27,851	22,039	21,579	18,505	13,179
Accrued Expenses	254.82	273.77	150.74	137.73	174.48	101.67
Insurance & Annuity Liabilities	11,911	18.48	28.62	0.32	32.59	4.36
Unpaid Claims	-	6,083	4,926	5,034	3,224	2,161
Unearned Premiums	-	4,211	2,881	2,317	1,922	1,590
Reinsurance Payable	133.83	54.05	3.65	-	8.29	85.57
Current Portion of Leases	15.08	14.21	6.55	6.78	10.04	19.41
Short-Term Debt	-	-	-	-	-	10.03
Current Income Taxes Payable	376.68	90.28	121.64	88.5	78.28	87.53
Long-Term Deferred Tax Liabilities	624.77	624.77	469.93	454.07	453.54	460.45
Other Current Liabilities	489.26	236.15	131.73	338.29	3.18	2.75
Other Long-Term Liabilities	-	-0	-	-	-	-
Total Liabilities	14,098	11,902	8,915	8,584	6,102	4,734
Common Stock	6,626	6,626	6,626	6,626	6,626	2,691
Additional Paid-In Capital	36.62	36.62	36.62	36.62	36.62	327.55
Retained Earnings	7,413	4,625	3,315	3,542	3,158	2,942
Comprensive Income & Other	4,662	4,662	3,146	2,791	2,582	2,485
Shareholders' Equity	18,737	15,950	13,124	12,996	12,403	8,446
Total Liabilities & Equity	32,835	27,851	22,039	21,579	18,505	13,179
Filing Date Shares Outstanding	13,253	13,253	13,253	13,253	13,253	6,361
Total Common Shares Outstanding	13,253	13,253	13,253	13,253	13,253	6,361
Total Debt	15.08	14.21	6.55	6.78	10.04	29.43
Net Cash (Debt)	2,467	2,845	3,421	4,305	1,360	768.68
Net Cash Growth	36.15%	-16.83%	-20.53%	216.66%	76.87%	-19.32%
Net Cash Per Share	0.19	0.21	0.26	0.32	0.20	0.12
Book Value Per Share	1.41	1.20	0.99	0.98	0.94	1.33
Tangible Book Value	18,682	15,890	13,087	12,972	12,375	8,412
Tangible Book Value Per Share	1.41	1.20	0.99	0.98	0.93	1.32
Land	450	450	450	450	450	450
Buildings	925.28	925.28	925.28	902.25	902.25	902.25
Machinery	807.14	711.9	647.44	588.05	480.64	471.43

Source: S&P Capital IQ. Insurance template. Financial Sources.