LASACO Assurance slips into loss as costs surge, but shareholders’ funds remain strong

LASACO Assurance Plc reported a loss of N3.072 billion in full-year 2025, from a profit of N1.522 billion in 2024, as rising costs outpaced revenue growth, the insurer’s 2025 financial statements show. The loss was driven mainly by a sharp increase in insurance service expenses and reinsurance costs. While revenue grew by 31 percent to […]