COMPANY REPORT: LASACO ASSURANCE PLC.

LASACO ASSURANCE PLC 2018 AUDITED FINANCIAL STATEMENTS MARKET INFORMATION

2018 2017 %

N000 N000

Change Gross premium written ” 9,014,060 ” ” 6,673,652 ” 35%

Net underwriting income ” 5,221,815 ” ” 3,992,444 ” 31%

Investment income ” 753,682 ” ” 874,674 ” -14%

Other income ” 190,525 ” ” 576,425 ” -67%

Net claims paid ” 1,801,944 ” ” 1,962,134 ” -8%

Profit before taxation ” 958,199 ” ” 854,273 ” 12%

Profit after taxation ” 736,279 ” ” 661,878 ” 11%

Total assets ” 17,052,479 ” ” 18,571,052 ” -8%

Shareholders’ funds ” 8,483,572 ” ” 8,156,326 ” 4%

Earnings per share (kobo) 13 12

Proposed dividend per share (kobo) 5 4

Net assets (kobo) 116 111

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