LASACO ASSURANCE PLC

2023 1ST QUARTER, EARNING FORECAST

N'000

1ST QTR, 2023

Gross premium

7,414,000

Reinsurance outward

2,075,920

Net premium

5,338,080

Unearned premium

889,680

Earned premium

4,448,400

Commission received

477,462

TOTAL INCOME

4,925,862

Underwriting expenses

Net claims

1,668,150

Underwriting expenses

1,742,290

Total Underwriting Expenses

3,410,440

Underwriting profit

1,515,422

Investment income

382,344

Profit on Investment Contract

14,976

Management expenses

1,532,317

PROFIT FOR THE PERIOD

380,425

Taxation

109,100

Profit after Taxation

271,325

2023 1ST QTR GROSS PREMIUM PROJECTION

REGION

N'000

1ST QTR

Head office

Public sector

Retail

FCT/Northern region

Southsouth region

South West

TOTAL

3,255,000

1,770,000

420,000

1,160,000

719,000

90,000

7,414,000

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Disclaimer

Lasaco Assurance plc published this content on 29 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 December 2022 14:23:07 UTC.