LASACO Assurance Plc (NGX:LASACO)

LASACO Assurance Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Investments in Debt Securities	882.83	904.7	1,520	2,365	3,292	2,854
Investments in Equity & Preferred Securities	859.48	859.45	290.78	290.78	290.78	290.78
Policy Loans	-	-	7.52	12.04	9.05	11.14
Other Investments	269.98	1,228	235.71	3,025	777.88	1,762
Total Investments	13,252	13,912	10,627	10,658	9,304	8,521
Cash & Equivalents	33,761	14,817	10,345	8,714	9,414	9,438
Reinsurance Recoverable	5,471	4,406	3,605	2,866	2,438	2,117
Other Receivables	1,475	1,201	1,905	613.57	618.96	309.38
Deferred Policy Acquisition Cost	-	-	-	-	-	331.59
Property, Plant & Equipment	4,492	4,324	3,711	3,240	3,280	2,118
Other Intangible Assets	165.18	267.58	311.01	77.59	106.27	0.02
Other Current Assets	74.52	164.88	224.19	266.73	-98.65	574.91
Long-Term Deferred Charges	-	-	-	-	-	13.52
Other Long-Term Assets	2,535	535.15	535.15	535.15	535.15	535.15
Total Assets	61,226	39,628	31,264	26,970	25,598	23,958

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accrued Expenses	448.24	384.76	616.03	295.35	748.59	176.23
Insurance & Annuity Liabilities	15,549	12,899	15,277	7,568	6,100	883.48
Unpaid Claims	1,864	2,362	-	2,189	2,123	4,871
Unearned Premiums	1,197	1,307	1,694	1,027	1,913	3,130
Reinsurance Payable	-	388.89	-	158.68	215.11	44.95
Current Income Taxes Payable	559.14	295.67	368.48	340.28	278.25	253.43
Long-Term Deferred Tax Liabilities	949.9	901.99	408.02	376.24	127.58	105.31
Other Current Liabilities	952.65	679.27	638.79	1,359	1,758	1,729
Total Liabilities	21,520	19,219	19,002	13,313	13,264	12,650

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	10,160	5,542	916.79	916.79	916.79	916.79
Additional Paid-In Capital	23,373	9,889	3,691	3,691	3,691	3,691
Retained Earnings	4,789	3,594	6,395	4,576	3,533	3,001
Comprehensive Income & Other	1,384	1,384	1,260	4,474	4,194	3,700
Shareholders' Equity	39,706	20,409	12,263	13,658	12,334	11,309
Total Liabilities & Equity	61,226	39,628	31,264	26,970	25,598	23,958

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Filing Date Shares Outstanding	20,320	11,084	1,834	1,834	1,834	1,834
Total Common Shares Outstanding	20,320	11,084	1,834	1,834	1,834	1,834
Net Cash (Debt)	33,761	14,817	10,345	8,714	9,414	9,438
Net Cash Growth	106.98%	43.23%	18.72%	-7.44%	-0.25%	74.40%
Net Cash Per Share	3.05	1.34	5.64	4.75	5.13	5.15
Book Value Per Share	1.95	1.84	6.69	7.45	6.73	6.17
Tangible Book Value	39,541	20,142	11,952	13,580	12,228	11,309
Tangible Book Value Per Share	1.95	1.82	6.52	7.41	6.67	6.17
Land	676.5	676.5	492	329.94	244.4	242.24
Buildings	2,066	2,066	1,662	1,529	1,321	1,050
Machinery	4,603	4,106	3,625	3,200	3,167	2,163

Data Source: S&P Global Market Intelligence Last updated: Sep 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Oct 31, 2026

Data Sources Report a data error