CityBlogNewsng

Lasaco Assurance plc says it recorded a gross premium income of N13.3 billion in  the year 2021, representing a 21 per cent increase over the N10.93 billion generated in 2020. The company also assured customers and shareholders of more improved performances in the year 2022. Mrs Teju Philips, Chairman, Lasaco Assurance Plc, made this known at 42nd Annual General Meeting (AGM) of the company on Thursday in Lagos. Phillips said the Lasaco delivered a considerable performance in the year under review when compared to 2020. She said: “the company achieved a gross premium income of N13.3 billion in 2021 representing a 21 per cent increase over the N10.93 billion generated in 2020. “In the same vein, our net underwriting income grew by 15 per cent from N8.05 billion to N9.26 billion.” The chairman added that the company’s profit before tax declined from N696 million to N281million, signifying a 59 per cent drop while profit after tax declined by 62 per cent from N679 million to N261milli...

 The 42nd AGM will hold at Marriott Hotel, Ikeja GRA, Lagos, on Thursday, 18th August 2022. This year's business shall focus on: • Audited financial statement of the company for the year ended 31st December, 2021. • Re-elect Directors retiring by rotation amongst other issues. Lasaco Assurance is  committed to be the Insurance and Financial Services Company of choice in Nigeria, providing Products and Services of Superior Quality, using Modern Tools and Technology and a well motivated workforce to achieve long term value for it Stakeholders.