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Lasaco Assurance Plc (Nigeria)

Main Activities: Insurance Carriers
Full name: Lasaco Assurance Plc Profile Updated: March 13, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

LASACO Assurance Plc is a composite insurance and financial services company incorporated on 20th of December 1979 under the Companies Decree of 1968. The Company, then known as Lagos State Assurance Company Limited obtained License as an Insurer on 7th July 1980 and commenced business operations on 1st of August 1980. LASACO’s business portfolio currently includes leadership and significant share of key Federal and State Governments Insurance businesses, multinational and private companies underwriting businesses in major sectors of the economy, from heavy Engineering, and Construction, Banking and Finance, Manufacturing Agriculture, Tourism, Life Covers to the high-tech capital intensive, special risks areas of Oil and Gas, and Aerospace. LASACO’s business interests also include Real Estate, and through its various non-core business investments. The Company also holds Shares in many blue chip enterprises.

Headquarters
Lasaco House Plot 16, Acme Road, Ogba Industrial Estate, Ikeja, P.O. Box 3724
Lagos; Lagos;

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Website: http://www.lasacoassurance.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
1979
Key Executives
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Chairman
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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3.65%
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2.01%
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1.59%
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1.36%
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1.24%
Subsidiaries
Lasaco Life Assurance Company Limited
Company Performance
Financial values in the chart are available after Lasaco Assurance Plc report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency NGN. Absolute financial data is included in the purchased report.
Net insurance premium revenue
20.87%
Operating profit (EBIT)
-328.42%
Net Profit (Loss) for the Period
109.12%
Total assets
6.48%
Investments
-15%
Receivables
18.84%
Total equity
14.76%
Net Premiums Earned Trend
16.68%
Net Profit Trend
N/A
Return on Equity (ROE)
1.99%
Loss Ratio
-7.17%
Underwriting Expenses Ratio
1.81%

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