By InvestAdvocate

Lagos (INVESTADVOCATE)-Insurer, Sovereign Trust Insurance Plc on Wednesday said its pretax profit for the first-half (H1) period ended June 30, 2015 increased 14 percent to N702.35 million from N615.85 million recorded a year ago.

Similarly, post tax profit grew 17.4 percent to N650.11 million from N553.87 million reported the same period of 2014.

However, gross premium dipped marginally from N4.80 billion in the H1 period of 2014 to N4.57 billion in the review period of 2015; indicating a decline of 4.7 percent, Sovereign Insurance said in a filing with the Nigerian Stock Exchange (NSE).