LASACO Assurance: H1 2024 results

LASACO Assurance ended the first half of 2024 with a turnover of 14 811.6 million NGN (9.64 million USD), up by 127% compared with the 6 517.1 million NGN (8.63 million USD) recorded at 30 June 2023.

Insurance revenue increased by 31.18% to 11 470.1 million NGN (7.47 million USD), while insurance service expenses climbed by 28% to 7 818.76 million NGN (5.09 million USD).

As at 30 June 2024, LASACO Assurance's net profit had improved by more than 600% to reach 3 168.52 million NGN (2.06 million USD).