LASACO Assurance Plc boosts Profit after tax by 147%

LASACO Assurance Plc released its full-year results for the year ended December 2020.

Net premium income was N6.28billion. (+6.3% YoY)
Underwriting profit declined to N1.73 billion. (-24.8% YoY)
Profit before tax increased to N927.34 million. (+166.7% YoY)
Earnings per share increased to 11 kobo. (+175% YoY)
The Shareholders’ Fund of the Company increased to N8.99 billion (+9.95% YoY)
Net asset per share increased to N1.23 (+10.8% YoY)

See link to results.