By InvestAdvocate

Lagos (INVESTADVOCATE)-Insurer, Cornerstone Insurance Plc said on Tuesday its pretax profit for 2014 audited year end climbed up 48 percent to N1.39 billion from N940.6 million declared a year earlier.

Similarly, profit after tax (PAT) grew 37.6 percent to N1.28 billion from N931.8 million in 2013 end.

Gross premium written of the insurer, declined marginally 1.9 percent to N5.21 billion from N5.31 billion recorded the previous year, Cornerstone said in a filing with the Nigerian Stock Exchange (NSE).