Lasaco Assurance Plc has revealed its monetary assertion for your complete 12 months 2019. The corporate’s gross written earnings and elevated gross earnings as seen by AllNews within the steadiness sheet. Lasaco Plc reported that it recorded N9.3 billion in gross written earnings in 2019, surpassing N9 billion in 2018 all year long.
The corporate additionally recorded N9.7 billion in gross premium earnings in 2019, exceeding the N8 billion introduced within the corresponding interval of 2018. Lasaco Plc disclosed that the corporate’s Internet underwriting earnings for 2019 was N6.7 billion, greater than the N5. 2 billion recorded in 2018.
In the meantime, Lasaco’s underwriting revenue for 2019 was N2.2 billion, greater than the N2.1 billion it recorded two years in the past. Nonetheless, Revenue earlier than tax decreased to N347.7 million in 2019, from N958.1 million. AllNews additionally gathered that Revenue for the 12 months after tax was N315.7 million in 2019, under the N736.2 million generated within the corresponding interval of 2018.