Nigeria TV Info

Lasaco Assurance Plc has reiterated its commitment to prudent underwriting practices, operational efficiency, and the use of technology to sustain its strong industry rating.

Global Credit Rating (GCR) has once again affirmed the company’s national scale financial strength rating of A(NG) with a Stable Outlook — the third consecutive year Lasaco has maintained this rating.

According to the rating agency, the affirmation reflects Lasaco’s sound risk-adjusted capitalisation and strong liquidity position, further reinforced by a ₦10.8 billion capital injection through private placement.

As of June 30, the company’s shareholders’ fund rose by 80.2 percent to ₦22.1 billion, raising its capital adequacy ratio to 3.6x, a clear indication of stronger loss-absorbing capacity and resilience.