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LASACO Assurance Plc Stock Price

NGSE:LASACO Community·₦20.8b Market Cap
  • 1 Narratives written by author
  • 7 Comments on narratives written by author
  • 13 Fair Values set on narratives written by author

LASACO Share Price Performance

₦0
-3.05 (-100.00%)
₦0
-3.05 (-100.00%)
Price ₦0

LASACO Community Narratives

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Updated Narratives

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Snowflake Analysis

Flawless balance sheet and slightly overvalued.

2 Risks
0 Rewards

LASACO Assurance Plc Key Details

₦33.1b

Revenue

₦30.1b

Cost of Revenue

₦3.0b

Gross Profit

₦4.7b

Other Expenses

-₦1.7b

Earnings

Last Reported Earnings
Mar 31, 2026
Next Reporting Earnings
n/a
-0.16
8.99%
-5.26%
0%
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About LASACO

Founded
1979
Employees
127
CEO
Shobo Ademoye
WebsiteView website
lasacoassurance.com

LASACO Assurance Plc provides various insurance products and services in Nigeria. The company operates in two segments, Non-Life and Life. It also offers anticipated plan, mortgage protection, bond, education, fire special peril, and householders insurance. In addition, the company provides contractors all risk, burglary, public liability, plants all risk insurance; business interruption, money insurance, fidelity guarantee, goods in transit, employers liability, computer all risk, and motor insurance. Further, it offers marine hull, machinery breakdown, builders’ liability, oil and gas, erection all risk, group life, professional indemity insurance, as well as and term assurance, investment plan, occupiers’ liability, personal accident, investment linked, and LASACO marine cargo insurance. The company serves heavy engineering and construction, banking and finance, manufacturing, agriculture, tourism, oil and gas, and aerospace sectors. It distributes its products through various forms of brokers, agencies, and direct marketing programs. LASACO Assurance Plc was incorporated in 1979 and is headquartered in Lagos, Nigeria.

Recent LASACO News & Updates

Narrative Update May 07

Q3 Result – Earnings Momentum Weakens Despite Solid Balance Sheet Expansion and Robust Investment Income

Executive Summary LASACO Assurance Plc released its unaudited financial statements for the nine months ended 30 September 2025 , reflecting a challenging operating environment marked by higher claims expenses and cost pressures, which eroded profitability despite solid top-line and investment income growth. The Group reported a loss after tax of ₦499.0 million , compared to a profit of ₦1.97 billion in the corresponding period of 2024, driven largely by a significant rise in operating expenses and insurance service costs.

Recent updates

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