WorldStage Newsonline– LASACO Assurance Plc, a major player in Nigeria’s insurance sector significant share of key Federal and State Governments Insurance businesses, multinational and private companies underwritng businesses in major sectors of the economy has presented its unaudited financial statements for the period ended 31st March, 2020 to the Nigerian Stock Exchange (NSE) with a profit after tax of N266.371 million, a growth of 3.85 per cent when compared with N256.503 million in Q1 2019.
The profit growth was despite a decline in gross premium to N4,000,649,00 from N4,521,439,000.
The company had earlier released its annual report for the year ended 31 December 2019 with 57 percent decline in profit to N315.745 million from N736.279 million in the previous year.
