In 2021FY, LASACO’s gross premium written (GPW) improved by 21.44% YoY to NGN13.28bn. The performance was mainly supported by the income from life insurance segment of the business which grew by 16.38% YoY and accounted for 59.64% of total GPW. However, in Q1:2022, GPW declined by 24.26% YoY to NGN5.07bn, due to the decline in premium written from all of the company’s business segments.
