LASACO Assurance Forecasts N3.95 Billion Gross Written Premium for Q3 2021

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Lasaco Assurance

LASACO Assurance Plc has released its earnings forecasts for the third quarter (Q3) of the year , ended 30 September 2021.

  • Gross Written Premium by the end of Q3 2021 is projected at N3.95 billion which is expected to be greater than the premium generated in Q2 2021 which stood at N3.17billion.
  • Brand Spur noted that LASACO expects its Net premium income to stand at N2.98billion while it predicts that its Underwriting profit to be at N752.35million. Also, the company predicted that its Net claims will be at N906.63 million. The Investment income saw a projection of N254.5million with Profit after tax projected at N242.02million.

Q3 2021 GROSS PREMIUM PROJECTION PER REGION (N’000)

  • Head office 1,776,242
  • Public sector 513,137
  • South West 78,944
  • FCT/Northern region 631,553
  • Southsouth region 276,304
  • Special project 78,944
  • Agency 39,472
  • Direct 552,609

Lasaco Assurance