The Board of Directors of LASACO Assurance in its published Audited Financial Statement for the year ended 31 December 2020 declared a final dividend of 10 kobo to its shareholders. The audited report shows significant growth in the firm’s top line and bottom line figures.
Gross premium written of N10.94 billion was reported for the 12 month period, up by 17.09% from N9.34 billion reported the previous year.
Profit after tax grew by 115.16% to N679.357 million from N315.745 million reported in 2019.
Earnings per share of the underwriting firm increased to 37 kobo from the EPS of 17 kobo achieved the previous year.
At the share price of N1.37, the P.E ratio of LASACO Assurance stands at 3.7x with earnings yield of 27.04%.