LASACO Records 64.05% Profit Growth In Q1 2022


LASACO Assurance Plc has simultaneously released its audited financial statements for the full year ended 31 December 2021 and the unaudited financial statements for the first quarter ended 31st March, 2022 with 62% drop in profit for the full year to N261.384 million from N679.357 million in 2020.

This was despite 21% rise in gross premium written to N13.283 billion from N10.938 billion in 2020

NewsBeatng reports that the unaudited result for the first quarter 2022 came strong with 64.05% rise in profit after tax to N297.574 million from N181.387 million in Q1 2021.

This was in spite that gross premium for the Q1 dropped to N5.073 billion from N6.698 billion in Q1 2021.


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