LASACO Assurance Attributes Success to Team Work

The Group Managing Director of LASACO Assurance plc Mr. Olusola Ladipo-Ajayi has attributed positive performance of the company especially in the 2014 financial year to team work and strategic deployment of resources.

Particularly, Ladipo - Ajayi pointed out that the company’s restructuring is paying off.

According to him, LASACO has deployed both human and physical resources to chart a new direction for itself to remain the toast of investors, adding that the company is living up to its mission to enhance profitability and deliver dividends to its stakeholders. The company according to him, has embarked on several restructuring programmes aimed at focusing on its core competence areas to deliver positive results that engender corporate growth.

Ladipo-Ajayi also under- scored the commitment of the LASACO to sustain its customer centric posture in order to remain a dynamic and vibrant player in the nation’s financial services sector.

He said this has manifested in several strategies being deployed to develop innovative products and services to align with the aspirations of the customers.

Highlight of the company’s account for the period under review is the significant increase in gross premium written in the year under review from N4,965,328 in 2013 to N5,633,596 in 2014. In the same vein, it recorded a total comprehensive income of N466,368 against N278,562 in 2013.

Its profit before tax for the period stood at N525,856 against N412,807 made in 2013. Profit after tax rose from N275,340 in 2013 to N445,745 in 2014.

Earnings per share rose from N00.4 in 2013 to N00.6 in the year under review.