Prestige Assurance Eyes N1.55bn Profit in Q1-2026
Prestige Assurance Plc eyes N1.55 billion profit for the first quarter of financial year 2026; the company dropped the hint in its earnings forecast disclosure.
The Assurance Company is hoping to see N11.970 billion in insurance revenue in the first three months of operating next year, reflecting strong management confidence about its offerings.
Prestige Assurance Plc projects insurance service expenses to reach N9.125 billion in the same period, leaving Insurance service results before reinsurance contracts held at an estimated N2.884 billion.
It hopes to spend N1.118 billion as expenses relating to re-insurance contract in Q1, and the provision is expected to leave Prestige Assurance Plc with a net insurance result of N1.726 billion.
The company expects investment income to settle at N756.5 million, and net insurance finance expenses for funding sources of N78.4 million is anticipated.
After netting off operating expenses estimated at N545.602 million, Prestige Assurance forecasts that pre-tax profit for the company will print at N1.878 billion.
Net income is estimated at N1.554 billion at the end of Q1 2026 after provision for expected tax expenses of N274.311 million for the first three months in the New Year. #Prestige Assurance Eyes N1.55bn Profit in Q1-2026#
Prestige Assurance Financial Performance and Forward-Looking Market Outlook
