Prestige Assurance Plc (NGX:PRESTIGE)

Prestige Assurance Balance Sheet

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
Investments in Debt Securities	13,735	7,312	3,690	2,514	2,432
Investments in Equity & Preferred Securities	4,540	4,540	2,799	2,458	2,230
Other Investments	-	106.43	5.48	852.69	504.04
Total Investments	21,282	14,926	9,391	8,636	7,915
Cash & Equivalents	1,703	2,859	3,428	4,312	1,370
Reinsurance Recoverable	11,933	7,408	6,721	5,871	3,198
Other Receivables	1,186	638.3	235.7	332.98	440.69
Deferred Policy Acquisition Cost	-	-	-	355.13	258.87
Property, Plant & Equipment	1,520	1,496	1,489	1,456	1,440
Other Intangible Assets	50.05	60.03	37.06	23.28	28.18
Restricted Cash	300	300	300	300	3,621
Other Current Assets	231.61	162.47	135.42	93.73	76.99
Other Long-Term Assets	-	-	301.52	199.2	156.49
Total Assets	38,206	27,851	22,039	21,579	18,505
Accrued Expenses	606.73	273.77	150.74	137.73	174.48
Insurance & Annuity Liabilities	16,626	18.48	28.62	0.32	32.59
Unpaid Claims	-	6,083	4,926	5,034	3,224
Unearned Premiums	-	4,211	2,881	2,317	1,922
Reinsurance Payable	48.88	54.05	3.65	-	8.29
Current Portion of Leases	15.92	14.21	6.55	6.78	10.04
Current Income Taxes Payable	459.72	90.28	121.64	88.5	78.28
Long-Term Deferred Tax Liabilities	624.77	624.77	469.93	454.07	453.54
Other Current Liabilities	935.73	236.15	131.73	338.29	3.18
Other Long-Term Liabilities	-	-0	-	-	-
Total Liabilities	19,642	11,902	8,915	8,584	6,102
Common Stock	6,626	6,626	6,626	6,626	6,626
Additional Paid-In Capital	36.62	36.62	36.62	36.62	36.62
Retained Earnings	7,239	4,625	3,315	3,542	3,158
Comprehensive Income & Other	4,662	4,662	3,146	2,791	2,582
Shareholders' Equity	18,563	15,950	13,124	12,996	12,403
Total Liabilities & Equity	38,206	27,851	22,039	21,579	18,505
Filing Date Shares Outstanding	13,253	13,253	13,253	13,253	13,253
Total Common Shares Outstanding	13,253	13,253	13,253	13,253	13,253
Total Debt	15.92	14.21	6.55	6.78	10.04
Net Cash (Debt)	1,687	2,845	3,421	4,305	1,360
Net Cash Growth	-40.71%	-16.83%	-20.53%	216.66%	76.87%
Net Cash Per Share	0.13	0.21	0.26	0.32	0.20
Book Value Per Share	1.40	1.20	0.99	0.98	0.94
Tangible Book Value	18,513	15,890	13,087	12,972	12,375
Tangible Book Value Per Share	1.40	1.20	0.99	0.98	0.93
Land	450	450	450	450	450
Buildings	925.28	925.28	925.28	902.25	902.25
Machinery	824.69	711.9	647.44	588.05	480.64

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