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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	13,914	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	21,411	14,926	9,391	8,636	7,915	7,431
Cash & Equivalents	1,932	2,859	3,428	4,312	1,370	798.11
Reinsurance Recoverable	11,168	7,408	6,721	5,871	3,198	2,371
Other Receivables	695.55	638.3	235.7	332.98	440.69	406.87
Deferred Policy Acquisition Cost	-	-	-	355.13	258.87	224.64
Property, Plant & Equipment	1,511	1,496	1,489	1,456	1,440	1,519
Other Intangible Assets	50.05	60.03	37.06	23.28	28.18	33.98
Restricted Cash	300	300	300	300	3,621	300
Other Current Assets	117.54	162.47	135.42	93.73	76.99	57.53
Other Long-Term Assets	-0	-	301.52	199.2	156.49	37.12
Total Assets	37,185	27,851	22,039	21,579	18,505	13,179
Accrued Expenses	367.81	273.77	150.74	137.73	174.48	101.67
Insurance & Annuity Liabilities	16,364	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	153.63	54.05	3.65	-	8.29	85.57
Current Portion of Leases	15.14	14.21	6.55	6.78	10.04	19.41
Short-Term Debt	-	-	-	-	-	10.03
Current Income Taxes Payable	243.75	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	1,036	236.15	131.73	338.29	3.18	2.75
Other Long-Term Liabilities	-	-0	-	-	-	-
Total Liabilities	19,098	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	6,763	4,625	3,315	3,542	3,158	2,942
Comprehensive Income & Other	4,662	4,662	3,146	2,791	2,582	2,485
Shareholders' Equity	18,088	15,950	13,124	12,996	12,403	8,446
Total Liabilities & Equity	37,185	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	15.14	14.21	6.55	6.78	10.04	29.43
Net Cash (Debt)	1,917	2,845	3,421	4,305	1,360	768.68
Net Cash Growth	4.40%	-16.83%	-20.53%	216.66%	76.87%	-19.32%
Net Cash Per Share	0.14	0.21	0.26	0.32	0.20	0.12
Book Value Per Share	1.36	1.20	0.99	0.98	0.94	1.33
Tangible Book Value	18,037	15,890	13,087	12,972	12,375	8,412
Tangible Book Value Per Share	1.36	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	761.8	711.9	647.44	588.05	480.64	471.43

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