Lasaco Assurance Plc has reported a 44 per cent increase in its profit after tax for the year ending 31st December 2024, rising from N1.3bn in 2023 to N1.89bn in 2024.
Lasaco Assurance Plc has successfully listed an additional 9.25 billion ordinary shares on the Nigerian Exchange Limited (NGX), following the completion of a private placement exercise.
Key Point: The listing has increased the company's total issued and fully paid-up share capital from 1.83 billion to 11.08 billion ordinary shares, strengthening its capital base and supporting long-term growth objectives.
The private placement exercise aimed to:
- Strengthen the company's financial position
- Solidify its standing within Nigeria's competitive insurance industry
- Support the long-term growth of the business
The successful listing is expected to:
- Enhance shareholder value
- Provide increased liquidity in the market for investors
Lasaco Assurance Plc, a financially strong Nigerian insurance company, is committed to business expansion, enhancing customer experience, and strengthening its digital capabilities to deliver innovative insurance solutions while sustaining robust financial performance.
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