Lasaco Assurance Cuts Cash Outflow to N416.82m in 2026

Lasaco Assurance Plc (NGX: LASACO) reported a significant reduction in its net cash outflow from operating activities, which decreased to N416.82m for the nine months ending 30 September 2026, compared to N9.64bn in the corresponding period of 2025. This improvement was attributed to a decline in payments for claims, reinsurance premiums, and commissions.

The company's premium collections fell to N25.93bn from N29.04bn, a 10.7 percent decrease. Reinsurance premiums paid dropped to N7.67bn from N10.56bn, while claims paid and other expenses decreased to N9.93bn from N18.58bn.

Commission payments also fell to N2.58bn from N5.51bn. However, acquisition and other claims expenses increased to N5.08bn from N3.46bn.

Lasaco's cash and cash equivalents rose to N33.76bn at the end of September 2026, supported by N18.10bn from share issuance. The company recorded a net cash inflow of N1.39bn from investing activities and reported no dividend payments during the period.