LASACO — LASACO ASSURANCE Disclosures
2 filings on the Nigerian Exchange Group.
Financial Results 29 Apr 2026
LASACO ASSURANCE PLC.- QUARTER 1 - FINANCIAL STATEMENT FOR 2026
FINANCIAL HIGHLIGHTS:
• PAT: ₦2.36 billion (81.47% growth)
• EPS: ₦21.29
• Equity: ₦22.86 billion
• Shares: 11,083.586 million
KEY NOTES:
• Insurance revenue decreased by 11% from ₦10.44 billion in 2025 to ₦9.33 billion in 2026.
• Insurance service results increased by 120% from ₦1.92 billion in 2025 to ₦4.22 billion in 2026.
• The company's solvency margin is 231%, exceeding the minimum capital requirement of ₦5 billion.
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Financial Results 29 Apr 2026
LASACO ASSURANCE PLC.- QUARTER 5 - FINANCIAL STATEMENT FOR 2025
FINANCIAL HIGHLIGHTS:
• PAT: (2.80) billion ₦ (2024: 1.82 billion ₦)
• EPS: (25.27) kobo (2024: 99.21 kobo)
• Dividend: Not recommended (2024: nil)
• Equity: 20.41 billion ₦ (2024: 12.26 billion ₦)
• Shares: 11,083.59 million (2024: 1,833.59 million)
KEY NOTES:
• Insurance revenue increased by 35% from ₦22.8bn in 2024 to ₦30.9bn in 2025.
• Net investment result decreased by 26%.
• Shareholders' funds increased by 66% from ₦12 billion in 2024 to ₦20 billion in 2025 due to new capital injection.
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