LASACO Assurance Plc boosts Profit after tax by 147%

LASACO Assurance Plc released its full-year results for the year ended December 2020.

  • Net premium income was N6.28billion. (+6.3% YoY)
  • Underwriting profit declined to N1.73 billion. (-24.8% YoY)
  • Profit before tax increased to N927.34 million. (+166.7% YoY)
  • Earnings per share increased to 11 kobo. (+175% YoY)
  • The Shareholders’ Fund of the Company increased to N8.99 billion (+9.95% YoY)
  • Net asset per share increased to N1.23 (+10.8% YoY)

See link to results.

2020 FY: UBA posts N113.77 billion profit after tax as earnings per share prints at N3.20

United Bank for Africa Plc released its full-year results for the year ended December 2020.

  • Net Interest Income after adjusting for impairments was N232.46 billion. (+14.2% YoY)
  • Profit before tax was N131.86 billion. (+18.5% YoY)
  • Earnings per share of N3.20 vs N2.52. (+27.0% YoY)
  • Deposits from customer was N5.68 trillion (+48.1% YoY)
  • Loans and advances to customer was N2.55 trillion (+23.96% YoY)
  • A final dividend of N0.35 was proposed. (-56.25% YoY)

See link to results

2020 FY Results: Cornerstone Insurance Plc reports a 61.1% decline in profit

Cornerstone Insurance Plc has released its full-year results for the year ended December 2020.

  • Net premium income of N5.88 billion.(-10.7% YoY)
  • Profit before Tax was N1.67 billion. (-58.5% YoY)
  • Net claims for the year was N3.47 billion (+13.2% YoY)
  • Underwriting profit was N1.93 billion (-27.6% YoY)
  • Profit for the year was N1.6 billion. (-61.1% YoY)
  • Earnings per share printed at 11 kobo. (-60.7% YoY)
  • A dividend of 45 kobo was declared.

See link to the result