The Company was established in 1952 as a branch office of The New India Assurance Company Limited, Mumbai, the largest general insurer in the Afro-Asian region with significant global presence, operating in over 25 countries.
Key financial highlights and shareholding structure as at 31st December 2025.
| Shareholding Category | Number of Holders | Units Held | % Holding |
|---|---|---|---|
| Foreign | 1 | 12,748,913,903 | 81.61% |
| Corporate | 658 | 1,816,869,020 | 11.63% |
| Individual | 11,456 | 1,056,169,935 | 6.76% |
| TOTAL | 12,115 | 15,621,952,858 | 100.00% |
Distribution
“To build a reputable brand that remains ahead in providing timely service delivery and customized insurance products.”
“To be the preferred and most reliable risk carrier providing quality insurance products and services to customers and creating value to all stakeholders.”
Eight non-negotiable values that guide every policy we write, every claim we settle, and every relationship we build.
Every underwriter, claims officer, and customer service representative holds themselves to the highest industry standards. Professionalism at Prestige means competence you can feel — from the first quote to final settlement.
74 years of consistent delivery means our policyholders never wonder if we will show up. When you need us most — at the moment of loss — our reliability is the promise behind every policy we issue.
Insurance is deeply personal. Behind every policy is a family, a business, a life's work. We listen first, then act — because understanding your situation is the foundation of protecting it.
Beyond the policy document lies the true product: the experience of being served. From our branch offices to our digital channels, every touchpoint is designed to make insurance feel accessible, fast, and human.
Our policyholders read plain-language terms, receive honest assessments, and access open financial reports. Transparency is not a policy — it is the operating culture across every department, every year.
From the Salary Protection Shield to Device Insurance and our E-Insurance portal, we continuously develop products for modern Nigerian lives. Innovation is how a 74-year-old company stays ahead of every new risk.
We measure success by what our policyholders achieve — financial security restored, businesses protected, lives rebuilt. Every internal target, every team objective maps directly to a real outcome for a real customer.
Excellence is not a destination — it is the daily discipline of doing the right thing the right way. Backed by the
From a branch office in colonial Nigeria to one of the country's most capitalised general insurers — a story of growth, resilience, and trust.
Prestige opens as a branch office of The New India Assurance Company Limited, Mumbai, bringing world-class general underwriting to Nigeria.
Incorporated as a limited liability company on 6th January 1970 and licensed by the Federal Government of Nigeria to underwrite all classes of Non-life insurance.
Renamed Prestige Assurance Plc and listed on the NGX (then NSE), reflecting the majority shareholding of the Nigerian public in alignment with the indigenisation decree.
Completed a landmark recapitalisation to ₦3 Billion, significantly strengthening our capacity to underwrite large industrial, marine, and energy risks.
Total assets grow to ₦39.2 billion with shareholders' funds at ₦20.3 billion as at 31st December 2025, positioning Prestige among Nigeria's most financially solid general insurers.
Prestige continues its digital transformation — with ₦15 Billion successful recapitalisation, while expanding our nationwide branch network.
From motor insurance to large industrial risk — Prestige Assurance has the product, the capacity, and the expertise to protect what matters most to you.