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Lasaco Assurance raises ₦19.3bn in rights issue

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Business

Lasaco Assurance raises ₦19.3bn in rights issue

Lasaco Assurance Plc has recorded another significant milestone in its ongoing recapitalisation programme, raising N19.3 billion from existing shareholders in its recently concluded Right Issue. This figure surpasses the intended N18.47 billion subscription level by 4.5 per cent. According to the company, this milestone reinforces its commitment to meeting the requirements of the Nigerian Insurance […]

Business

Lasaco Assurance strengthens capital base for sustainable growth

Lasaco Assurance Plc has announced a strategic pivot aimed at reinforcing its capital base and sharpening its execution focus to drive sustainable growth in Nigeria’s evolving insurance market. The company said the move will align its resources, governance, and operational capabilities with changing regulatory requirements while positioning it to compete more effectively in a highly […]

Lasaco Assurance announces N183m dividend payment
Business

Lasaco Assurance announces N183m dividend payment

Lasaco Assurance Plc has announced that it will pay a 15 kobo dividend on each share, amounting to N183 million for the fiscal year ending December 31, 2022. According to the Punch, the company’s chairman, Teju Philips, made this announcement at the 43rd annual general meeting in Lagos. She also revealed that the shareholders’ fund increased from […]

Lasaco Assurance
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Lasaco Assurance’s premium hits N14bn

Lasaco Assurance Plc has experienced steady growth over the past three years with gross premium income rising from N10.96bn in 2020 to N13.91bn in 2022. According to the company’s financial statement, “This positive development is reflected in the company’s gross premium income, which surged from N10.96bn in 2020 to N13.91bn in 2022, signifying an increased […]

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