Prestige Assurance profit drops by 26% in Q2

Nigerian Enamelware

Prestige Assurance plc profit for the second quarter of the year dropped by 26% to NGN106.4 million in contrast to NGN144.6 million recorded same period in the financial year 2016.

The insurance company recorded NGN642.3 million gross income in 2017 compared to NGN496.2 million in the previous year while net income was NGN228.7 million against NGN172.1 million in the year before.

Prestige Assurance plc said its total assets for the period was NGN10.7 billion against NGN9.6 billion in the year before while total liabilities was NGN4.2 billion against NGN3.4 billion in 2016.

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