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	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Investments in Debt Securities	888.44	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	251.5	1,228	235.71	3,025	777.88	1,762
Total Investments	13,425	13,912	10,627	10,658	9,304	8,521
Cash & Equivalents	16,731	14,817	10,345	8,714	9,414	9,438
Reinsurance Recoverable	3,534	4,406	3,605	2,866	2,438	2,117
Other Receivables	1,020	1,201	1,905	613.57	618.96	309.38
Deferred Policy Acquisition Cost	-	-	-	-	-	331.59
Property, Plant & Equipment	4,628	4,324	3,711	3,240	3,280	2,118
Other Intangible Assets	208.73	267.58	311.01	77.59	106.27	0.02
Other Current Assets	133.51	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	42,214	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	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accrued Expenses	584.69	384.76	616.03	295.35	748.59	176.23
Insurance & Annuity Liabilities	14,601	12,899	15,277	7,568	6,100	883.48
Unpaid Claims	3,780	2,362	-	2,189	2,123	4,871
Unearned Premiums	581	1,307	1,694	1,027	1,913	3,130
Reinsurance Payable	-	388.89	-	158.68	215.11	44.95
Current Income Taxes Payable	273.7	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	702.76	679.27	638.79	1,359	1,758	1,729
Total Liabilities	21,473	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	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	5,542	5,542	916.79	916.79	916.79	916.79
Additional Paid-In Capital	9,889	9,889	3,691	3,691	3,691	3,691
Retained Earnings	3,926	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	20,741	20,409	12,263	13,658	12,334	11,309
Total Liabilities & Equity	42,214	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	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Filing Date Shares Outstanding	11,084	11,084	1,834	1,834	1,834	1,834
Total Common Shares Outstanding	11,084	11,084	1,834	1,834	1,834	1,834
Net Cash (Debt)	16,731	14,817	10,345	8,714	9,414	9,438
Net Cash Growth	-13.04%	43.23%	18.72%	-7.44%	-0.25%	74.40%
Net Cash Per Share	1.51	1.34	5.64	4.75	5.13	5.15
Book Value Per Share	1.87	1.84	6.69	7.45	6.73	6.17
Tangible Book Value	20,532	20,142	11,952	13,580	12,228	11,309
Tangible Book Value Per Share	1.85	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	4,564	4,106	3,625	3,200	3,167	2,163

Data Source: S&P Global Market Intelligence Last updated: Jun 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:

Aug 5, 2026

Data Sources Report a data error