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 second quarter ended June 30, 2020 to the Nigerian Stock Exchange (NSE) with a profit after tax of N632.017 million, a growth of 5.59 per cent when compared with N598.547 million in Q2 2019.
The company grew its gross premium to N6.947 billion during the period from N6.877 billion in Q2 2019 despite that underwriting profit dropped by 19.60 percent to N1.063 billion from N1.323 billion.
The company had earlier released its Q1 result for the period ended 31st March, 2020 and the annual report for the year ended 31 December 2019
It recorded a profit after tax of N266.371 million, a growth of 3.85 per cent in Q1 2020when compared with N256.503 million in Q1 2019 while it suffered 57 percent decline in profit to N315.745 million the year ended 31 December 2019 from N736.279 million in the previous year.
