Home Business Insurance World LASACO Assurance Grows Profit By 64.05% Q1 2022
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LASACO Assurance Grows Profit By 64.05% Q1 2022

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Mr Razzaq Abiodun MD Lasaco Assurance

BY NKECHI NAECHE-ESEZOBOR–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 .

According to statement released on the floor of Nigerian Exchange Group the insurer’s profit after tax for unaudited result for the first quarter 2022 appreciated by 64.05% to N297.574 million from N181.387 million in Q1 2021.

While, gross premium written also rose up by 21% to N13.283 billion from N10.938 billion in 2020.

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