LASACO Assurance (LASACO) Stock Overview
Provides various insurance products and services in Nigeria. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
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LASACO Assurance Plc Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₦1.93 |
| 52 Week High | ₦3.71 |
| 52 Week Low | ₦1.72 |
| Beta | 0.40 |
| 1 Month Change | 6.04% |
| 3 Month Change | -5.85% |
| 1 Year Change | -44.22% |
| 3 Year Change | 10.29% |
| 5 Year Change | 25.32% |
| Change since IPO | 216.50% |
Recent News & Updates
LASACO Assurance Plc Delivers Strong Q1 2026 Earnings Growth Driven by Improved Underwriting Performance and Strong Insurance Service Result
Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Securities) LASACO Assurance Plc recorded a strong financial performance for the quarter ended March 31, 2026, driven primarily by improved underwriting profitability, lower insurance service expenses, and solid investment income. Despite a decline in insurance revenue, the Group significantly improved profitability as insurance service results more than doubled.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
LASACO Assurance Plc Delivers Strong Q1 2026 Earnings Growth Driven by Improved Underwriting Performance and Strong Insurance Service Result
Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Securities) LASACO Assurance Plc recorded a strong financial performance for the quarter ended March 31, 2026, driven primarily by improved underwriting profitability, lower insurance service expenses, and solid investment income. Despite a decline in insurance revenue, the Group significantly improved profitability as insurance service results more than doubled.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.Lasaco Assurance Plc – Shareholders Approve Capital Raise to ₦36 Billion Ahead of Industry Recapitalisation
Lasaco Assurance Plc has secured shareholder approval to increase its capital base to ₦36 billion , positioning the company strongly ahead of the insurance industry recapitalisation deadline scheduled for July 2026. The approval was granted at an Extraordinary General Meeting (EGM) held in Ikeja, Lagos, convened in line with the Nigerian Insurance Industry Reform Act 2025.Shareholder Returns
| LASACO | NG Insurance | NG Market | |
|---|---|---|---|
| 7D | 0% | -2.3% | -1.7% |
| 1Y | -44.2% | -3.8% | 56.5% |
Return vs Industry: LASACO underperformed the NG Insurance industry which returned -1.3% over the past year.
Return vs Market: LASACO underperformed the NG Market which returned 56.9% over the past year.
Price Volatility
| LASACO volatility | |
|---|---|
| LASACO Average Weekly Movement | 9.1% |
| Insurance Industry Average Movement | 8.7% |
| Market Average Movement | 6.7% |
| 10% most volatile stocks in NG Market | 9.7% |
| 10% least volatile stocks in NG Market | 3.0% |
Stable Share Price: LASACO's share price has been volatile over the past 3 months compared to the NG market.
Volatility Over Time: LASACO's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of NG stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1979 | 127 | Shobo Ademoye | 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.
LASACO Assurance Plc Fundamentals Summary
| LASACO fundamental statistics | |
|---|---|
| Market cap | ₦21.39b |
| Earnings (TTM) | -₦1.68b |
| Revenue (TTM) | ₦33.58b |
Is LASACO overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| LASACO income statement (TTM) | |
|---|---|
| Revenue | ₦33.58b |
| Cost of Revenue | ₦31.00b |
| Gross Profit | ₦2.58b |
| Other Expenses | ₦4.26b |
| Earnings | -₦1.68b |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.15 |
| Gross Margin | 7.68% |
| Net Profit Margin | -5.02% |
| Debt/Equity Ratio | 0% |
How did LASACO perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/23 04:58 |
| End of Day Share Price | 2026/08/21 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
LASACO Assurance Plc is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.