By InvestAdvocate

Lagos (INVESTADVOCATE)-Insurer, Wapic Insurance Plc on Thursday said its 2015 audited year end pretax profit climbed up 2747.78 percent to N1.668 billion from N58.57 million recorded a year ago.

Similarly, profit after tax (PAT) rose 447.64 percent to N1.29 billion N236.83 million declared in the same period of 2014.

Also, gross premium of the company grew from N5.204 billion in 2014 end to N7.101 billion in the review period of 2015; indicating a growth of 36.45 percent, the insurer said in a filing with the Nigerian Stock Exchange (NSE).

Wapic Insurance board of directors has approved to pay a 3 kobo per share dividend to investors of the company following a meeting held on January 29, 2016.