Wapic Insurance Plc Reports Earnings Results for the Year Ended December 31, 2015
Wapic Insurance Plc reported earnings results for the year ended December 31, 2015. For the year, the company reported gross written premium of NGN 7,101 million against NGN 5,204 million a year ago. Underwriting profit was NGN 1,478 million against NGN 1,316 million a year ago. Profit before Tax was NGN 1,668 million against NGN 59 million a year ago. ROA was 7.0% against 0.3% a year ago. ROE was 8.7% against 1.7% a year ago.