Lasaco Assurance Records N1.68n Profit Before Tax
Lasaco Assurance Plc has once again demonstrated its resilience and adaptability, defying economic headwinds to maintain a robust presence in the insurance industry. At its 44th Annual General Meeting (AGM) held at Marriott Hotel, Ikeja, Lagos, the company showcased its steadfast commitment to excellence and sustainability. Despite the economic downturn, Lasaco Assurance prioritized innovation, customer satisfaction, and strategic growth, solidifying its position as a leader in the Nigerian insurance sector. The successful 44th AGM highlighted the company's dedication to transparency, accountability, and shareholder value. According to Chairman Chief (Mrs.) Maria Olateju Philips, "Lasaco Assurance Plc maintained its market share and fortified its position despite economic turbulence, achieving insurance revenue of N18.29 billion – a 36% surge from N13.47 billion in the previous year." "Notably, profit before tax increased by 6% from N1.58 billion in 2022 to N1.68 bil...