LASACO Assurance Plc (NGX:LASACO)

LASACO Assurance Balance Sheet

Financials in millions NGN. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	1,799	1,520	2,365	3,292	2,854	3,272
Investments in Equity & Preferred Securities	290.78	290.78	290.78	290.78	290.78	311.54
Policy Loans	7.51	7.52	12.04	9.05	11.14	16.63
Other Investments	1,185	235.71	3,025	777.88	1,762	2,010
Total Investments	11,720	10,567	10,658	9,304	8,521	8,803
Cash & Equivalents	22,638	10,345	8,714	9,414	9,438	5,412
Reinsurance Recoverable	4,977	4,052	2,866	2,438	2,117	2,451
Other Receivables	1,248	1,905	613.57	618.96	309.38	330.53
Deferred Policy Acquisition Cost	-	-	-	-	331.59	395.98
Property, Plant & Equipment	4,059	3,809	3,240	3,280	2,118	2,074
Other Intangible Assets	277.84	311.01	77.59	106.27	0.02	0.52
Other Current Assets	230.23	224.19	266.73	-98.65	574.91	534.63
Long-Term Deferred Charges	-	-	-	-	13.52	-
Other Long-Term Assets	535.15	535.15	535.15	535.15	535.15	535.15
Total Assets	45,684	31,749	26,970	25,598	23,958	20,537
Accrued Expenses	574.36	617.16	295.35	748.59	176.23	213.37
Insurance & Annuity Liabilities	11,129	9,986	7,568	6,100	883.48	1,357
Unpaid Claims	3,824	3,855	2,189	2,123	4,871	5,400
Unearned Premiums	2,007	1,791	1,027	1,913	3,130	2,297
Reinsurance Payable	638.29	447.12	158.68	215.11	44.95	65.73
Current Income Taxes Payable	841.24	587.86	340.28	278.25	253.43	388.99
Long-Term Deferred Tax Liabilities	376.24	376.24	376.24	127.58	105.31	99.11
Other Current Liabilities	2,156	2,073	1,359	1,758	1,729	1,307
Total Liabilities	21,545	19,734	13,313	13,264	12,650	12,735
Common Stock	5,542	916.79	916.79	916.79	916.79	3,667
Additional Paid-In Capital	9,889	3,691	3,691	3,691	3,691	940.61
Retained Earnings	7,416	6,115	4,576	3,533	3,001	2,923
Comprehensive Income & Other	1,292	1,292	4,474	4,194	3,700	271.19
Shareholders' Equity	24,139	12,015	13,658	12,334	11,309	7,802
Total Liabilities & Equity	45,684	31,749	26,970	25,598	23,958	20,537
Filing Date Shares Outstanding	11,084	1,834	1,834	1,834	1,834	1,834
Total Common Shares Outstanding	11,084	1,834	1,834	1,834	1,834	1,834
Net Cash (Debt)	22,638	10,345	8,714	9,414	9,438	5,412
Net Cash Growth	60.22%	18.72%	-7.44%	-0.25%	74.40%	24.24%
Net Cash Per Share	5.46	5.64	4.75	5.13	5.15	2.95
Book Value Per Share	2.18	6.55	7.45	6.73	6.17	4.26
Tangible Book Value	23,861	11,704	13,580	12,228	11,309	7,802
Tangible Book Value Per Share	2.15	6.38	7.41	6.67	6.17	4.25
Land	492	492	329.94	244.4	242.24	206
Buildings	1,662	1,662	1,529	1,321	1,050	1,003
Machinery	4,124	3,722	3,200	3,167	2,163	1,999

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.