Prestige Assurance posts 74.64% rise in annual profit

Prestige Assurance Plc has reported a 74.64 percent in its profit before tax for the 2020 financial year.

The company’s financial statements released on Monday showed that its profit before tax rose to N889.95 million last year from N509.61 million in 2019.

Its profit after tax increased by 50.44 percent year-on-year to N649.66 million from N431.83 million.