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LASACO Assurance's turnover increasing by 35%

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Magazine Issue: 
Highlights [3]
Magazine date: 
Jul 2019

LASACO AssuranceLASACO Assurance reported a 35% increase in its turnover, from 6.67 billion NGN (21.6 million USD) in 2017 to 9.02 billion NGN (24.89 million USD) in 2018.

With 5.64 billion NGN (15.56 million USD), non-life premiums accounted for 62.5% of the underwritings. For its part, life insurance recorded premiums worth 3.38 billion NGN (9.33 million USD).

The net result amounted to 736.27 million NGN (2 million USD) in 2018 against 661.87 million NGN (2.14 million USD) one year earlier, that is an increase of 11.24%.

Read also | Nigerian insurance market [4]

Wed, 24/07/2019 - 11:13

Source URL: https://www.atlas-mag.net/en/article/lasaco-assurance-s-turnover-increasing-by-35

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