LASACO Assurance Forecasts N242m Profit For Q3 2021
One of the major players in the Nigerian insurance industry, LASACO Assurance Plc, has issued a notice of its earnings forecast for the third quarter ending 30 September 2021 with a projection of N3.947 billion gross premium written, up from N3.172 billion projected for the second quarter (Q2) 2021.
The forecast released at the Nigerian Exchange also showed N242.024 million profit for the period, a 17.99% rise from N N205.129 million projected for Q2 2021.
LASACO Assurance Plc is one of the fastest-growing Insurance Companies in Nigeria. It is a composite insurance company with various products and services.
The Company was incorporated on 20th of December, 1979 and licensed as an insurer on 7th July, 1980. LASACO commenced full operation on 1st August 1980. With the vast opportunities presented by increased capitalization for business expansion and growth, the company became a Public Liability Company in 1991 when its Shares were admitted for the first time to the Nigerian Stock Exchange (NSE) through listing by Introduction. LASACO has grown considerably in size, business coverage, profits, capital base and assets with its operations spanning all classes of the Insurance and Special Risks business, high impact financial services and Real Estate managed by our subsidiary.
LASACO is the First Insurance Company in Nigeria to earn the ISO Certification-NIS ISO 9001.
