Prestige Assurance boosts HY 2021 profit by 25.17%

Prestige Assurance Plc on Wednesday published its Financial Statement for the period ended 30 June 2021.

The underwriting firm reported Gross premium written of N5.433 billion, up by 38.86% from N3.913 billion reported the previous year.

Profit after tax for the six months period grew by 25.17% to N776.5 million from N620.3 million reported the previous year.

Earnings per share (EPS) of the company increased to 6 kobo form the EPS of 5 kobo reported same period last year.

At the share price of 49 kobo, the P.E ratio of Prestige Assurance stands at 8.36x with earnings yield of 11.96%.

Leave a Reply

Your email address will not be published. Required fields are marked *