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About the Company

Lasaco Assurance PLC is a composite insurance and financial services company in Nigeria, offering a wide range of products and services. Incorporated on December 20, 1979, and commencing operations on August 1, 1980, the company has grown significantly in size, business coverage, and capital base. Lasaco provides various classes of insurance, including general accident, fire, motor, engineering, marine, bond, and life assurance. The company’s operations span all classes of insurance and special risks businesses, high-impact financial services, and real estate managed by its subsidiary.

Leadership Team

• Chief Mrs. Teju Philips – Chairman
• Mr. Razzaq Abiodun – Managing Director/CEO
• Mr. Akinwale Sofile – Chief Financial Officer
• Mr. Segun Balogun – Executive Director, Technical

Corporate Social Responsibility (CSR)

Lasaco Assurance PLC is committed to corporate social responsibility through initiatives that promote education, community development, and environmental sustainability. The company supports various programs aimed at improving the quality of life in its host communities, emphasizing responsible business practices and social impact.

Company Milestones

• 1979: Incorporated as a private limited liability company.
• 1980: Commenced full operations on August 1.
• 1991: Became a public liability company and listed on the Nigerian Stock Exchange.
• 2022: Recorded a gross premium income of ₦13.3 billion, representing a 21% increase over the previous year.