Business Summary Management Board of Directors Joint Auditors Company Registrar Subsidiaries/Associates Capital Structure

   PRESTIGE

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Index: 36472.43 -787.48 -2.11%
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Sector:
Financial Services
Sub-Sector:
Insurance Carriers, Brokers and Services
Listing Date:
3rd December, 1990
End of Accounting Year:
31 Dec
Share Outstanding:
2,508,315,436.00
NSE code
PRESTIGE
AGM Date:
04-10-2012


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No. Of Deals:   9.00

Volume Traded:   182,770.00

Value Traded:    109,898.90

52 Weeks High:  1.24

52 Weeks Low:    0.50

Open Price:    0.62

Close Price:    0.62

High Price:    0.62

Low Price:    0.62

Year To Date Appreciation:   -90.08 

 

1 Week Change (%)

1 Month Change (%)

6 Months Change (%)

1 Year Change (%)

PRESTIGE

0

0

19.23

24

NSE All-share Index

0.2

10.23

38.56

63.45

Quarterly Results For PRESTIGE

1st November, 2012: 3rd Quarter Results for the Period Ending 30-Sept-2012


Values
2012 N'm
2011 N'm
% Change
Profit & Loss Information
Gross Premium
3,003
3,192
-5.92%
Profit Before Tax
370
538
-31.12%
Taxation
-122
-177
-31.12%
Profit Or Loss After Tax
248
360
-31.12%
Balance Sheet Information
Fixed Assets
1,066
904
17.98%
Cash & Bank Balances
1,447
1,722
-15.97%
Net Assets
5,147
4,743
8.52%
  VALUATION MEASURES
Market Cap :
1,555,155,570.32
EPS:
0.10
P/E:
6.27
Book Value :
N/A
Book Value Per Share :
N/A
Price/Book
N/A
  FINANCIAL HIGHLIGHTS
  Fiscal
Fiscal Year End
31 Dec
Most Recent Quarter
3rd Quarter
  Profitability
Profit Before Tax Margin
0.00
Profit After Tax Margin
0.00
Profit Before Tax Growth
-31.12
Profit After Tax Growth
-31.12
  Management Effectiveness
Return On Assets
0.10
Return On Equity
0.05


  INCOME STATEMENT
Revenue:
N(mln)
Revenue Per Share :
0.00
Revenue Growth :
0.00%
   Balance Sheet
Total Cash
1,447.00
Shareholder Fund Growth
8.52%
Loan Growth
0.00%
Deposit Growth
0.00%
Fixed Asset Growth
17.98%
  Dividends & Splits
Dividend:
0.02 (2012-09-17)
Bonus Declared
1 for 6 (2011-07-26)
  TRADING INFORMATION
  Stock Price History
52-week Change:
24.00%
52-week Change
(relative to NSE Index)
63.45%
52-Week High:
1.24
52 Week Low :
0.50
50-Day Moving Average :
0.67
200-Day Moving Average:
0.61
  Share Statistics
Ave. Volume (3 month):
1,320,967.80
Ave. Volume (10 days):
548,606.20
Shares Outstanding:
2,508,315,436.00
Daily Volume
182,770.00


Prestige Assurance Plc
Balance Sheet as at 31st December 2009
Assets
2009
2008
Fixed assets
608,196
561,624
Investments
1,016,941
1,227,727
Net current assets
3,954,066
2,788,821
Statutory Deposit
300,000
300,000
Total Assets
5879203
4878172
Insurance funds
-1,471,348
-451,629
Deferred taxation
-64,134
-56,919
Net Assets
4343721
4369624
CAPITAL AND RESERVES
Share capital
1,074,992
1,074,992
Share premium
1,349,986
1,349,986
Statutory contingency Reserve
957,948
783,265
Investment Revaluation reserve
188,978
General reserve
960,795
972,403
Shareholders funds
4343721
4369624
PROFIT AND LOSS ACCOUNTS
For the year ended 31 December 2009
Gross premium written
3,445,447
3,008,391
Net premium earned
1,655,870
1,532,178
Investment and other income
954,641
915,335
Profit before taxation
873,417
1,000,020
Taxation
264,395
290,943
Profit after taxation
593,072
711,649
Dividend paid
429,997
Statutory contingency reserve
174,683
198,004
Retained profits
418,389
513,645
Per 50k share data
Earnings per 50k share (actual)
28
33
Statement of Cash Flows
For the period ended 31 December 2009
Cash flows from operating activities
Premium received from policy holders
3,606,456,123
2,901,041,264
Commission received
307,270,794
335,958,052
Other operating receipts
18,143,186
3,869,499
Reinsurance receipts in respect of claims
732,255,208
431,241,768
Cash paid to and on behalf of employees
690,703,565
759,795,282
Reinsurance premium paid
-1,731,137,671
-1,610,499,212
Other operating cash payments
-754,475,236
-552,056,498
Claims paid
-978,520,823
-937,283,487
IT development levy paid
1,063,741,620
1,064,726,131
Company income tax paid
772,908,750
814,561,924
Net cash provided by operating activities
506120045
-9870749
cash flows from investing activities
Purchase of property, plant & equipment
587,944,511
628,490,453
Purchase of investments
1,066,889,656
693,590,630
Realisation of/(addition to) other investments
639,597,795
352,109,865
Sale of property, plant & equipment
1,771,724
2,165,698
Dividend received
28,631,289
41,130,759
Interest received
339,947,546
333,811,194
Lease rental received
528,724,211
418,027,422
Refund on deposit for investments
87,397,187
Proceed from sale of investments
37,423,255
120,251,513
Net cash provided by investing activities
9704515
529491073
Cash flows from financing activities
Dividend paid
643,744,892
620,752,961
Expense of script issue & filing fees
-255,000
1,064,450,806
Net cash provided by financing activities
-430251932
-462279881
Increase in cash and cash equivalents
85572628
57340443
Investment Valuation Ratios
Profitability Ratios
Operating Profit Margin(%)
Return On Capital Employed(%)
Return On Net Worth(%)
0
Return on Assets
0.12%
Net Premium Income/Insurance Funds
Growth in Gross Premiums
0.15%
Growth in Net Premiums
Growth in Underwriting Profit
Growth in Assets
0.21%
Growth in PBT
-0.13%
Growth in PAT
-0.17%
Underwriting Expense Ratio
Combined Ratio
Operating Ratio
Underwriting Profit Margin
PBT Margin
0.53%
PAT Margin
0.17%
NAPS
0
Cash Flow Indicator Ratios
Earning Retention Ratio
726
Earnings Per Share
0
Dividend Per Share
-0
Prestige Assurance Plc
Announcement Date
Agm Date
Book Closure
Address
--
2009-08-06
--
5th April, 2011
2011-08-11
2011-07-26
18th June, 2010
2010-07-29
2010-07-20
24th August, 2012
2012-10-04
2012-09-17
MUSON Centre, Onikan, Lagos
Bonus
Bonus Type
Announcement Date
Payment Date
Closure Date
1 for 4
--
--
--
2008-07-11
1 for 4
--
--
--
2006-07-18
1 for 2
--
--
--
2005-08-16
1 for 4
--
--
--
2001-09-18
1 for 4
--
--
--
2006-07-18
1 for 2
--
--
--
2005-08-16
1 for 4
--
--
--
2001-09-18
1 for 6
FINAL
5th April, 2011
--
2011-07-26
Dividend
Dividend Type
Announcement Date
Payment Date
Closure Date
0.02
FINAL
24th August, 2012
2012-10-05
2012-09-17
0.06
FINAL
5th April, 2011
2011-08-12
2011-07-26
0.10
FINAL
18th June, 2010
2010-08-02
2010-06-20
0.10
--
--
--
2010-06-18
0.1
--
--
--
2001-09-10
0.18
--
--
--
2002-09-17
0.11
--
--
--
2005-08-16
0.12
--
--
--
2006-07-18
0.15
--
--
--
2007-07-24
0.2
--
--
--
2008-07-11
Right Ratio
Face Value
Announcement Date
Record Date
Ex-right Date
Premium
Old Face Value
New Face Value
Announcement Date
Ex-split Date
Meeting Date
Remark/Outcome
`
2011-05-19
That the Company’s Authorized Capital be increased from the present N2 billion to N3 billion