LASACO Assurance Plc (NGX:LASACO)

LASACO Assurance Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	1,518	2,365	3,292	2,854	3,272
Investments in Equity & Preferred Securities	290.78	290.78	290.78	290.78	311.54
Policy Loans	7.52	12.04	9.05	11.14	16.63
Other Investments	237.55	3,025	777.88	1,762	2,010
Total Investments	10,567	10,658	9,304	8,521	8,803
Cash & Equivalents	10,362	8,714	9,414	9,438	5,412
Reinsurance Recoverable	3,076	2,866	2,438	2,117	2,451
Other Receivables	1,954	613.57	618.96	309.38	330.53
Deferred Policy Acquisition Cost	-	-	-	331.59	395.98
Property, Plant & Equipment	3,491	3,240	3,280	2,118	2,074
Other Intangible Assets	311.01	77.59	106.27	0.02	0.52
Other Current Assets	174.86	266.73	-98.65	574.91	534.63
Long-Term Deferred Charges	-	-	-	13.52	-
Other Long-Term Assets	535.15	535.15	535.15	535.15	535.15
Total Assets	30,472	26,970	25,598	23,958	20,537
Accrued Expenses	556.8	295.35	748.59	176.23	213.37
Insurance & Annuity Liabilities	9,299	7,704	6,100	883.48	1,357
Unpaid Claims	4,049	2,053	2,123	4,871	5,400
Unearned Premiums	1,615	1,027	1,913	3,130	2,297
Reinsurance Payable	584.59	158.68	215.11	44.95	65.73
Current Income Taxes Payable	536.61	340.28	278.25	253.43	388.99
Long-Term Deferred Tax Liabilities	376.24	376.24	127.58	105.31	99.11
Other Current Liabilities	1,404	1,359	1,758	1,729	1,307
Other Long-Term Liabilities	-0	-	-	-	-
Total Liabilities	18,422	13,313	13,264	12,650	12,735
Common Stock	916.79	916.79	916.79	916.79	3,667
Additional Paid-In Capital	3,691	3,691	3,691	3,691	940.61
Retained Earnings	6,468	4,576	3,533	3,001	2,923
Comprehensive Income & Other	974.16	4,474	4,194	3,700	271.19
Shareholders' Equity	12,050	13,658	12,334	11,309	7,802
Total Liabilities & Equity	30,472	26,970	25,598	23,958	20,537
Filing Date Shares Outstanding	1,834	1,834	1,834	1,834	1,834
Total Common Shares Outstanding	1,834	1,834	1,834	1,834	1,834
Net Cash (Debt)	10,362	8,714	9,414	9,438	5,412
Net Cash Growth	18.92%	-7.44%	-0.25%	74.40%	24.24%
Net Cash Per Share	5.64	4.75	5.13	5.15	2.95
Book Value Per Share	6.57	7.45	6.73	6.17	4.26
Tangible Book Value	11,739	13,580	12,228	11,309	7,802
Tangible Book Value Per Share	6.40	7.41	6.67	6.17	4.25
Land	329.94	329.94	244.4	242.24	206
Buildings	1,529	1,529	1,321	1,050	1,003
Machinery	3,722	3,200	3,167	2,163	1,999

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