LASACO Assurance Plc (NGX: LASACO)

LASACO Assurance Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	2,420	2,365	3,292	2,854	3,272	456.9
Investments in Equity & Preferred Securities	290.78	290.78	290.78	290.78	311.54	311.54
Policy Loans	-	12.04	9.05	11.14	16.63	14.36
Other Investments	1,015	3,025	777.88	1,762	2,010	4,092
Total Investments	8,616	10,658	9,304	8,521	8,803	8,106
Cash & Equivalents	16,433	8,714	9,414	9,438	5,412	4,356
Reinsurance Recoverable	2,892	2,866	2,438	2,117	2,451	1,726
Other Receivables	907.42	613.57	618.96	309.38	330.53	326.16
Deferred Policy Acquisition Cost	-	-	-	331.59	395.98	185.73
Property, Plant & Equipment	3,021	3,240	3,280	2,118	2,074	2,367
Other Intangible Assets	61.15	77.59	106.27	0.02	0.52	1.02
Other Current Assets	-	266.73	-98.65	574.91	534.63	908.52
Long-Term Deferred Charges	-	-	-	13.52	-	-
Other Long-Term Assets	535.15	535.15	535.15	535.15	535.15	535.15
Total Assets	32,466	26,970	25,598	23,958	20,537	18,510
Accrued Expenses	496.02	295.35	748.59	176.23	213.37	111.56
Insurance & Annuity Liabilities	9,888	7,704	6,100	883.48	1,357	1,016
Unpaid Claims	1,725	2,053	2,123	4,871	5,400	4,031
Unearned Premiums	457.3	1,027	1,913	3,130	2,297	2,396
Reinsurance Payable	788.96	158.68	215.11	44.95	65.73	74.43
Current Income Taxes Payable	600	340.28	278.25	253.43	388.99	416.2
Long-Term Deferred Tax Liabilities	376.24	376.24	127.58	105.31	99.11	177.53
Other Current Liabilities	1,309	1,359	1,758	1,729	1,307	309.8
Other Long-Term Liabilities	-	-	-	-	-	854.89
Total Liabilities	15,639	13,313	13,264	12,650	12,735	10,531
Common Stock	916.79	916.79	916.79	916.79	3,667	3,667
Additional Paid-In Capital	3,691	3,691	3,691	3,691	940.61	940.61
Retained Earnings	7,744	4,576	3,533	3,001	2,923	2,611
Comprensive Income & Other	4,474	4,474	4,194	3,700	271.19	760.94
Shareholders' Equity	16,826	13,658	12,334	11,309	7,802	7,979
Total Liabilities & Equity	32,466	26,970	25,598	23,958	20,537	18,510
Filing Date Shares Outstanding	1,834	1,834	1,834	1,834	1,834	1,834
Total Common Shares Outstanding	1,834	1,834	1,834	1,834	1,834	1,834
Net Cash (Debt)	16,433	8,714	9,414	9,438	5,412	4,356
Net Cash Growth	59.65%	-7.44%	-0.25%	74.40%	24.24%	42.92%
Net Cash Per Share	8.89	4.75	5.13	5.15	2.95	2.38
Book Value Per Share	9.18	7.45	6.73	6.17	4.26	4.35
Tangible Book Value	16,765	13,580	12,228	11,309	7,802	7,978
Tangible Book Value Per Share	9.14	7.41	6.67	6.17	4.25	4.35
Land	329.94	329.94	244.4	242.24	206	190
Buildings	1,529	1,529	1,321	1,050	1,003	310
Machinery	3,225	3,200	3,167	2,163	1,999	1,425
Construction In Progress	-	-	-	-	-	1,392

Source: S&P Capital IQ. Insurance template. Financial Sources.