Prestige Assurance Plc is a Nigeria based company that is engaged in non-life insurance business with its core business areas including motor, marine, bond, engineering, fire, aviation, oil and gas, and general accident insurance.
Overview of Prestige Assurance Company
Prestige Assurance Plc is licensed to cover all classes on non-life insurance; hence it also provides all risk insurance and products for group personal accident, burglary, fidelity guarantee, workmen’s compensation, machinery breakdown, fire and allied perils, consequential loss insurance and liability insurance.
Prestige Assurance Plc is a subsidiary of The New India Assurance Company Limited in Mumbai.
Today, Prestige Assurance Company’s portfolio of products and services are diversified in more sectors of the Financials value chain and include the following: insurance underwriting, claims administration and management of liquidity by investing the surplus in fixed deposits, bonds and treasury bills, lease financing, risk management advices, policy audit and customer education, commercial insurance, industrial insurance, liability insurance and personal insurance. The commercial insurance covers fire, theft and accident from any fortuitous cause, among others. The industrial insurance covers machinery breakdown, electronics equipment policy, consequential loss and contractors all risk, among others. The personal insurance covers motor, group personal accident, money policy, personal accident policy and burglary.
The history of Prestige Assurance Company goes back to 1952 when the company was established, and it was listed on the Nigerian Stock Exchange (NGX) on December 3, 1990.
Prestige Assurance Company has its head offices at Prestige House, 19, Ligali Ayorinde Street, Victoria Island, Lagos, Nigeria.
The current CEO or managing director of Prestige Assurance Company is Balla Swamy.
Prestige Assurance Company's equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol PRESTIGE.
Prestige Assurance Company forms part of the Insurance (Property & Casualty) Industry and the Financials Sector of the Nigerian Stock Exchange (NGX).
Prestige Assurance Company Stock Performance
The current price for Prestige Assurance Company stocks on the Nigerian Stock Exchange (NGX) is 0.46 Nigerian Naira (NGN).
An analysis of financial data of Prestige Assurance Company showed that the company has a total market capitalisation of 6.1 Billion NGN. The number of shares outstanding is 13.3 Billion.
With an increase of earnings per share and reliable profits over a period, investors who want to buy or sell Prestige Assurance Company stocks can look forward to more profitable dividends and earnings in times to come.
According to an analysis on the live chart of Prestige Assurance Company, analysts forecast further improved performance for the Financials sector with market share growing as trading volumes increase.
Highlights of Prestige Assurance Company in 2021/2022
Prestige Assurance Company started the current financial year (2021) with a share price of 0.51 Nigerian Naira (NGN) on the Nigerian Stock Exchange (NGX), and it has lost 9.8 % in value on its price valuation, ranking 79th on the NGX with its year-to-date performance.
Prestige Assurance Company is currently the 79th most-traded stock on the NGX and it has experienced a total trading volume of more than 11.4 million shares, which were finalised in 226 deals and were valued at a total of 5.1 million Nigerian Naira (NGN) over the recent three month period from October 2021 to January 2022, with an average of 181,318 shares in each trading session.
During the same period a volume high of 2.28 million was achieved on December 1.
How to buy Prestige Assurance Company stocks – Step by Step
The stock market is one of the most attractive financial markets that sees millions of retail investors and traders participating daily. To buy, sell or trade Prestige Assurance Company stocks on the Nigerian Stock Exchange (NGX), traders and investors can follow a few simple steps:
- Find the share that you want to buy, in this case, “PRESTIGE”.
- Select a forex broker that offers access to the Nigerian Stock Exchange (NGX).
- Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
- Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
- Once your account has been activated, you are ready to make your first share purchase through the broker.
- From here you can start to build and diversify your portfolio by buying more shares.
