LASACO Assurance Balance Sheet

Financials in millions NGN. Fiscal year is January - December.

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Investments in Debt Securities	902.52	1,520	2,365	3,292	2,854
Investments in Equity & Preferred Securities	290.78	290.78	290.78	290.78	290.78
Policy Loans	-	7.52	12.04	9.05	11.14
Other Investments	1,259	235.71	3,025	777.88	1,762
Total Investments	13,326	10,567	10,658	9,304	8,521
Cash & Equivalents	14,682	10,345	8,714	9,414	9,438
Reinsurance Recoverable	5,153	4,052	2,866	2,438	2,117
Other Receivables	1,824	1,905	613.57	618.96	309.38
Deferred Policy Acquisition Cost	-	-	-	-	331.59
Property, Plant & Equipment	4,292	3,809	3,240	3,280	2,118
Other Intangible Assets	266.68	311.01	77.59	106.27	0.02
Other Current Assets	162.06	224.19	266.73	-98.65	574.91
Long-Term Deferred Charges	-	-	-	-	13.52
Other Long-Term Assets	535.15	535.15	535.15	535.15	535.15
Total Assets	40,240	31,749	26,970	25,598	23,958
Accrued Expenses	1,243	617.16	295.35	748.59	176.23
Insurance & Annuity Liabilities	-	9,986	7,568	6,100	883.48
Unpaid Claims	14,616	3,855	2,189	2,123	4,871
Unearned Premiums	2,175	1,791	1,027	1,913	3,130
Reinsurance Payable	-	447.12	158.68	215.11	44.95
Current Income Taxes Payable	262.95	587.86	340.28	278.25	253.43
Long-Term Deferred Tax Liabilities	262.13	376.24	376.24	127.58	105.31
Other Current Liabilities	685.58	2,073	1,359	1,758	1,729
Total Liabilities	19,244	19,734	13,313	13,264	12,650
Common Stock	5,542	916.79	916.79	916.79	916.79
Additional Paid-In Capital	9,889	3,691	3,691	3,691	3,691
Retained Earnings	3,717	6,115	4,576	3,533	3,001
Comprehensive Income & Other	1,848	1,292	4,474	4,194	3,700
Shareholders' Equity	20,996	12,015	13,658	12,334	11,309
Total Liabilities & Equity	40,240	31,749	26,970	25,598	23,958
Filing Date Shares Outstanding	11,084	1,834	1,834	1,834	1,834
Total Common Shares Outstanding	11,084	1,834	1,834	1,834	1,834
Net Cash (Debt)	14,682	10,345	8,714	9,414	9,438
Net Cash Growth	41.92%	18.72%	-7.44%	-0.25%	74.40%
Net Cash Per Share	1.32	5.64	4.75	5.13	5.15
Book Value Per Share	1.89	6.55	7.45	6.73	6.17
Tangible Book Value	20,729	11,704	13,580	12,228	11,309
Tangible Book Value Per Share	1.87	6.38	7.41	6.67	6.17
Land	626.33	492	329.94	244.4	242.24
Buildings	2,116	1,662	1,529	1,321	1,050
Machinery	4,106	3,722	3,200	3,167	2,163

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.