Learn About Premium Pension Limited's Financial Performance

Premium Pension Limited's financial performance is a crucial aspect of understanding the company's overall success. The company's assets under management (AUM) have consistently grown, reaching a peak of ₦140.4 billion in 2020.

As the company continues to expand its services, its revenue has also increased. In 2020, Premium Pension Limited's revenue was ₦14.8 billion.

The company's investment in various assets, such as stocks, bonds, and real estate, has yielded significant returns. In 2020, the company's investment income was ₦7.3 billion.

With a strong financial foundation, Premium Pension Limited is well-positioned to continue providing excellent services to its clients.

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Premium Pension Limited has a significant financial performance, with assets under management (AUM) of N1.2 trillion at the end of the 2023 financial year.

The company pays out substantial benefits to its retirees and contributors, having paid over N300 billion since the commencement of the Contributory Pension Scheme (CPS) in 2004.

On a monthly basis, Premium Pension Limited pays about N1 billion to 25,000 retirees through its programmed withdrawal scheme.

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Let's take a closer look at the financial performance of Premium Pension Limited. Their annual revenue was a notable $83.2 million in 2025.

This significant revenue figure is a testament to the company's growing success and financial stability.

Premium Pension Limited has paid out over N300 billion on benefits to its retirees and contributors since the commencement of the Contributory Pension Scheme in 2004.

The PFA has assets under management of N1.2 trillion at the end of the 2023 financial year.

It pays about N1 billion to 25,000 retirees on programmed withdrawal on a monthly basis.

Premium Pension Limited has achieved significant milestones in the pension industry. The company was licensed by the National Pension Commission (PenCom) in 2013.

With over 10 years of experience in the industry, Premium Pension has established a strong presence in Nigeria. They have a wide range of pension products and services that cater to the needs of both individuals and organizations.

Their commitment to providing excellent customer service has earned them numerous awards and recognition.

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Premium Pension Limited has a rich history that spans over 17 years, starting with its licensing by the National Pension Commission in December 2005.

The company began with an initial share capital of ₦500 million but has since grown to a total shareholders' funds of over ₦1 Trillion as of December 2022.

In 2013, Premium Pension Limited received its first certification on Information Security Management System (ISMS) by the British Standard Institute.

This milestone was a significant achievement for the company, demonstrating its commitment to information security.

In August 2015, Premium Pension Limited was conferred with the Award for Mass Mobilisation of Pension Asset at the Commerce and Industry Awards by the Lagos Chambers of Commerce and Industry, LCCI.

This recognition highlighted the company's efforts in mobilizing pension assets and contributing to the growth of the pension industry.

In November 2015, Premium Pension Limited became the first Pension Fund Administrator (PFA) in Nigeria to receive the UK's International Organization for Standardization (ISO) certificate on information security management system by the British Standard Institute.

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Premium Pension Limited has hit a major milestone by reaching N1 trillion in Assets Under Management (AUM).

This achievement represents a growth of N120.93 billion over the 2021 year-end of N879.48 billion, resulting in a year-on-year growth rate of 12.08 percent.

The company's resilience and commitment have enabled it to build a solid foundation that can withstand market volatility and uncertainty.

As of 31st December 2022, Premium Pension had a total of 774,235 retirement Savings Account Holders (RSAs) registered in both public and private sector organizations.

This number represents 7.85 percent of the industry count of 9,862,129.

Premium Pension's revenue rose by 18.34 percent to N10.039 billion from N8.483 billion recorded in 2021, resulting in a Profit Before Tax (PBT) of N3.988 billion and a Profit After Tax (PAT) of N2.654 billion.

We've got some exciting news to share with you - Premium Pension has launched Prima, a new initiative aimed at bolstering their market position and deepening their pension services.

The proposed combination of Prima is aimed at creating a stronger institution that can better weather economic cycles and changing industry dynamics.

A larger pool of pension assets can be invested more efficiently for improved returns, which is a game-changer for investors.

Prima's goal is to provide an expanded product range and more innovative pension solutions, making it easier for customers to find the right fit for their needs.

Here are some key benefits of Prima:

At Premium Pension Limited, operations and services are streamlined to provide members with seamless experiences. Their dedicated customer service team is available to address any inquiries or concerns via phone, email, or in-person visits to their offices.

The company has a robust online platform that allows members to access their accounts, track their contributions, and make informed decisions about their pension investments. With a user-friendly interface and secure login, members can manage their accounts from the comfort of their own homes.

Premium Pension Limited also offers a range of services, including retirement planning, investment advice, and pension payout options. Their team of experts is committed to helping members achieve their financial goals and enjoy a comfortable retirement.

In the operations of Premium Pension Limited, a significant number of people are employed to ensure the smooth delivery of services. 315 people are employed at Premium Pension Limited.

These employees work tirelessly behind the scenes to provide top-notch services to clients.

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The SIC code is a crucial piece of information for businesses like Premium Pension Limited. The SIC code for Premium Pension Limited is 637, 63.

Understanding SIC codes can be a challenge, but it's essential for categorizing and identifying businesses.

In some cases, a business may have multiple SIC codes, like Premium Pension Limited, which has SIC codes 637 and 63.