2021 Q1 Results: Lasaco Assurance profit after tax slumps by 32% to N181.4 million.

LASACO Assurance Plc released its unaudited financial statements for the period ended 31st of March, 2021.

• Gross premium for the period was N6.7 billion. (+67.4% YoY)
• Net claims of N1.9billion. (+3,489.5% YoY)
• Operating expenses totalled N720.34 million. (-5.8% YoY)
• Profit after tax was N181.4 million. (-31.9% YoY).
• Earnings per share of 0.1 kobo Vs 0.04 kobo YoY.
• Net asset per share of 6.1 kobo Vs 1.1 kobo YoY.
• Total shareholders fund for the period was N11.14 billion.

See link to results.