2020 FY Results: Prestige Assurance Plc reports a 50.44% increase in profit.

Prestige Assurance Plc released its full-year results for the year ended December 2020.

• Net Premium Income of N3.47 billion. (+17.44% YoY)
• Total claims paid during the year was N1.62 billion. (+13.06 YoY)
• Underwriting profit of N819.93 million. (+60.21% YoY)
• Profit after tax for the year was N649.66 million. (+50.44% YoY)
• Earnings per share 10.21 kobo vs 8.02 kobo YoY.
• The Shareholder’s Fund of the Company increased by N3.8 billion representing 45.05% rise YoY.

See link to results.