Prestige Assurance declares 2.5 kobo dividend to shareholders in FY 2020

Prestige Assurance Plc has announced a dividend of 2.5 kobo dividend to its shareholders for 2020 financial year.

The underwriting firm reported Gross Premium Written of N7.009 billion, up by 14.36% from N6.129 billion reported in 2019.

Profit after tax appreciated by 57.08% to N678. 305 million from N431.828 achieved the previous year.

Earnings per share increased by 57.08% year on year to 5 kobo from 3 kobo achieved the previous year.

At the share price of N0.46, the P.E ratio of Prestige Assurance stands at 8.99x with earnings yield of 11.13%.

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