By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Insurer, Law Union & Rock Insurance Plc said on Friday its pretax profit for the period ended December 31, 2015 climbed up 26.43 percent to N328.49 million from N259.83 million posted a year ago.

In the same vein, profit after tax (PAT) grew significantly by 123.96 percent to N280.91 million from N125.43 million declared the same period of 2014.

However, gross premium dropped from N4.16 billion in 2014 end to N3.85 billion in the review period of 2015; indicating a decline of 7.28 percent, Law Union said in a filing with the Nigerian Stock Exchange (NSE).