By InvestAdvocate

Lagos (INVESTADVOCATE)-Insurer, Cornerstone Insurance Plc on Monday said its pretax profit for the period ended December 31, 2015 grew 77.7 percent to N1.84 billion from N1.04 billion posted a year ago.

Similarly profit after tax (PAT) increased 72.3 percent to N1.63 billion from N946 million declared the same period of 2014.

Also, gross premium written appreciated from N5.21 billion in 2014 end to N7.33 billion in the review period of 2015; showing an appreciation of 41 percent, the insurer said in a filing with the Nigerian Stock Exchange (NSE).

Click here to download Cornerstone Insurance Plc 2015 report