Prestige Assurance is a small Nigerian insurer with a long history and a powerful Indian parent. Its latest results show a company growing its top line quickly while its bottom line has nearly vanished. Full namePrestige Assurance Co. Plc Tickers / exchangePRESTIGE.XNSA / Nigerian Exchange (XNSA) HeadquartersVictoria Island, Lagos, Nigeria SectorInsurance (non-life) Founded1952 (as Lagos branch); incorporated 6 January 1970 Controlling shareholderThe New India Assurance Company Ltd (78.32%) Managing Director / CEOUmesh M. Rathod ChairFunmi Oyetunji Yearly sales (insurance revenue, FY2025)₦25.12 billion (US$18.9 million) Net profit (FY2025)₦28.58 million (US$21,500) Net …
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