By Peter OBIORA InvestAdvocate

Lagos (INVESTADVOCATE)-Great Nigeria Insurance Plc Wednesday reported a pre-tax profit of N903.099 million for the period ended December 31, 2012.

In the audited report for the 2012 period released to the Nigerian Stock Exchange (NSE) and made available to InvestAdvocate in Lagos Nigeria, Great Nigeria in year 2011 end recorded a pre-tax profit of N410.611 million compared to N903.099 million declared in the review period of 2012; showing an increase of 119.9 percent (119.9%).

Post-tax profit also increased from N379.835 million in year 2011 end to N1.275 billion in the same period of 2012; indicating an increase in post-tax profit of 235.7%.

Similarly, gross premium written grew from N2.403 billion in 2011 end to N2.881 billion in the review period of 2012; representing a growth in gross premium of 19.9%.