LASACO Assurance Plc (NGX:LASACO)

LASACO Assurance Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	4,333	1,520	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	290.78	235.71	3,025	777.88	1,762	2,010
Total Investments	13,159	10,567	10,658	9,304	8,521	8,803
Cash & Equivalents	19,240	10,345	8,714	9,414	9,438	5,412
Reinsurance Recoverable	5,412	4,052	2,866	2,438	2,117	2,451
Other Receivables	1,499	1,905	613.57	618.96	309.38	330.53
Deferred Policy Acquisition Cost	-	-	-	-	331.59	395.98
Property, Plant & Equipment	3,998	3,809	3,240	3,280	2,118	2,074
Other Intangible Assets	243.63	311.01	77.59	106.27	0.02	0.52
Other Current Assets	-	224.19	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	535.15
Total Assets	44,087	31,749	26,970	25,598	23,958	20,537
Accrued Expenses	-	617.16	295.35	748.59	176.23	213.37
Insurance & Annuity Liabilities	17,429	9,986	7,568	6,100	883.48	1,357
Unpaid Claims	-	3,855	2,189	2,123	4,871	5,400
Unearned Premiums	-	1,791	1,027	1,913	3,130	2,297
Reinsurance Payable	-	447.12	158.68	215.11	44.95	65.73
Current Income Taxes Payable	452.77	587.86	340.28	278.25	253.43	388.99
Long-Term Deferred Tax Liabilities	376.24	376.24	376.24	127.58	105.31	99.11
Other Current Liabilities	1,019	2,073	1,359	1,758	1,729	1,307
Total Liabilities	21,980	19,734	13,313	13,264	12,650	12,735
Common Stock	5,542	916.79	916.79	916.79	916.79	3,667
Additional Paid-In Capital	9,889	3,691	3,691	3,691	3,691	940.61
Retained Earnings	5,384	6,115	4,576	3,533	3,001	2,923
Comprehensive Income & Other	1,292	1,292	4,474	4,194	3,700	271.19
Shareholders' Equity	22,107	12,015	13,658	12,334	11,309	7,802
Total Liabilities & Equity	44,087	31,749	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)	19,240	10,345	8,714	9,414	9,438	5,412
Net Cash Growth	17.08%	18.72%	-7.44%	-0.25%	74.40%	24.24%
Net Cash Per Share	20.67	5.64	4.75	5.13	5.15	2.95
Book Value Per Share	-	6.55	7.45	6.73	6.17	4.26
Tangible Book Value	21,863	11,704	13,580	12,228	11,309	7,802
Tangible Book Value Per Share	-	6.38	7.41	6.67	6.17	4.25
Land	-	492	329.94	244.4	242.24	206
Buildings	-	1,662	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.