Lassaco Assurance PLC has released its end of the year Financial Statements for the year ended December 2017.
The report shows a 10% increase in its gross premium with ₦6.04 billion recorded in 2016 to ₦6.73 billion recorded in 2017.
The profit before tax of the insurance company reduced from ₦1.14 billion in 2016 to ₦854 million in 2017.
The Directors have however announced a dividend of 4kobo per share for the year ended December 2017.
Here is a copy of the result.
LASACO Assurance Plc was incorporated on 20th December 1979. The group commenced operations on 1st August 1980.
The insurance Company transacts all classes of Insurance businesses, in addition to conducting Real Estate Business and High Impact Financial Services.
However, the operations of LASACO Life Company Limited and LASACO Assurance Plc have been merged to become a Composite Insurance Company by a court sanction on 16 December 2014 and an approval from the National Insurance Commission (NAICOM).
