By InvestAdvocate

Lagos (INVESTADVOCATE)-Insurer, Mansard Insurance Plc on Tuesday said its 2014 audited year end profit after tax (PAT) declined 22.3 percent to N1.617 billion from N2.080 billion recorded a year earlier.

Pretax profit inched up marginally by 1.9 percent to N2.015 billion from N1.977 billion reported in the corresponding period of 2013.

Gross premium of the insurer climbed up 28 percent from N13.594 billion in 2013 to N17.400 billion in the review period of 2014, according to the insurer in a filing with the Nigerian Stock Exchange (NSE).

However, in its corporate action, the company declared no dividend and said its annual general meeting (AGM) will come up on April 28, 2015.