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.
Prestige Assurance PLC maintains one of the most robust capital structures in the Nigerian general insurance industry — fully compliant with NAICOM ’s solvency requirements and backed by 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.
Shareholders’ Fund
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As at 31st December 2025
Capital Base
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As at 31st December 2024
Strong capitalisation is not just a regulatory requirement — it is the foundation of every promise we make to policyholders, investors, and partners.
Based on the recent capital adequacy calculation, Prestige Assurance Plc has a capital base of ₦15.00 billion, derived from a shareholders’ fund of ₦20.27 billion — giving every policyholder, partner and investor a deep and reliable financial cushion.
Our strong shareholders' fund ensures every valid claim is settled promptly and in full, regardless of loss magnitude — no delays, no shortfalls.
We consistently exceed NAICOM's minimum capital requirements, maintaining a substantial solvency buffer that protects every policyholder.
Our capital base grants access to top-tier international reinsurance treaties, enabling us to underwrite large industrial, marine, and aviation risks.
Our capital base gives us the resources to expand our product portfolio, branch network, and digital infrastructure without compromising solvency.
Our NGX listing under ticker PRESTIGE and transparent IFRS financial reporting make us a trusted investment for institutional and retail shareholders.
Backed by The New India Assurance Company Limited, Mumbai — the largest general insurer in the Afro-Asian region operating in over 25 countries.
From audited annual reports to real-time financial highlights — complete transparency is at the heart of how we operate as a publicly listed company.