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Wapic Insurance's post-tax profit surges 214% in 2014

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Nigeria-based Wapic Insurance P.L.C. has said that its profit after tax increased 214% in 2014, reports Leadership Newspapers.

The profit totaled 236 million Nigerian nairas ($1.2 million), compared with a loss of NGN 208 million in 2013. Wapic's gross written premium increased 38% year on year to NGN 5.2 billion for the period. Underwriting profit amounted to NGN 1.24 billion ($6.22 million).

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