Financial Results
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.
Financial Results
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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