Prestige Assurance Plc projects profit after tax of N1 billion in Q3 2021.

Prestige Assurance Plc released its earnings forecasts for the third quarter of the year (Q3, 2021).

• Turnover was projected at N7.5 billion
• Profit before tax was projected at N1.25 billion
• Tax was projected at N250 million.
• Profit after tax was projected at N1 billion.

The forecasts were made based on numerous assumptions, among which are;

• There will be no serious Government restrictions of trade that will affect the insurance business.
• The company will not suffer any major catastrophe which will necessitate reduction of investment portfolio for claims payment.
• There will not be any considerable reduction in the level of interest rate.
• The capital Market activities will improve significantly from the bearish position to the bullish.
• The country political climate shall be stable for carrying out business activities across the nation.

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