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. It holds a ‘CRISIL AAA/Stable’ rating — the highest possible credit rating, indicating a strong capacity to meet its financial obligations.
Prestige Assurance Plc is one of Nigeria’s leading general insurance companies with offices nationwide. Primed with over 74 years of undisputable insurance services, and a commitment to create long-term value for its clients and stakeholders through strong business fundamentals and consistency with our mission, guided by our vision and directed by our company’s core values.
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. It holds a ‘CRISIL AAA/Stable’ rating, the highest possible credit rating, indicating a strong capacity to meet its financial obligations.
Prestige Assurance was incorporated as a limited liability company on 6th January 1970, and licensed by the National Insurance Commission (NAICOM) on 14th November 2007 to write all classes of non-life insurance in Nigeria, with registration number 040.
Pursuant to the indigenisation decree passed by the Federal Government of Nigeria, to reflect the majority shareholding of the Nigerian public in the Company, on 24th September 1992, it was converted into a Public Limited Liability Company and quoted on the floor of Nigerian Exchange Limited (NGX). The company operates as a subsidiary Company of The New India Assurance Company Ltd, Mumbai, with 78.32 per cent shareholding. As at 31 December 2025, total shareholders stand at 12,115 with 13,252,561,888 total issued shares.
The Company’s head office is located at “Prestige House”, No. 19, Ligali Ayorinde Street, Victoria Island, Lagos and has branches spread across the nation in Ikeja, Apapa, Ikorodu Road, Abuja, Port Harcourt, Kano State, Ibadan and Kaduna State.
(NGX) under the ticker PRESTIGE, reflecting the majority shareholding of the Nigerian public.Our parent, The New India Assurance Co. Ltd, is the largest non-life insurer in the Afro-Asian region. This backing enables Prestige to underwrite large, complex, and high-exposure risks that few Nigerian insurers can match.
The principles that have guided 74 Years of trust, integrity, and insurance excellence across Nigeria.
Delivering services with competence, diligence, and the highest industry standards in every transaction and client relationship.
Being dependable and consistent in fulfilling every commitment to our customers and stakeholders. Our word is our bond.
Understanding and genuinely caring about the needs and concerns of every policyholder — because insurance is personal.
Providing exceptional, customer-focused service at every touchpoint of the insurance journey, from quote to claim settlement.
Open financial statements, honest communication, and clear policy terms — no surprises, no hidden clauses.
From E-Insurance to Salary Protection Shield and Device Insurance, we continually evolve our products to meet modern needs.
Focused on delivering measurable outcomes and results for our customers, shareholders, and all stakeholders.
Fully authorised by under NAICOM LIC 040 and listed on the NGX — 74 Years of award-winning service delivery and industry expertise.
Dive deeper into our leadership, financial standing, reinsurance capacity, and the people behind Nigeria’s most trusted insurer.
Our full corporate history, registration particulars, and ownership structure since 1952.
Read MoreMeet the distinguished board members who guide Prestige’s strategic direction and governance.
Meet the BoardThe executive management driving operational excellence and delivering on our promises daily.
Meet the TeamFinancial strength underpins every policy. Explore our capital adequacy and shareholders’ fund.
View CapitalGlobal reinsurance arrangements that allow us to take on large, complex risks with confidence.
Learn MoreFrom motor insurance to large industrial risk — Prestige Assurance has the product, the capacity, and the expertise to protect what matters most to you.