![[Corporate Action] Sovereign Trust Insurance 2015 Half Year Profit Rises By 18%](https://nairametrics.com/wp-content/uploads/2015/09/Sovereign-Trust-Insurance.jpg)
Sovereign Trust Insurance Plc released its 2015 Half Year result to the NSE. The result showed that Net premium declined by 13% from N2.9bn in 2014 to N2.5bn in 2015. However Profit before tax rose by 14% from N615 million in 2014 to N702 million in 2015. Profit after tax rose by 18%.
See Summary of result below…
| SOVEREIGN TRUST INSURANCE H1 | N’m | N’m | |
| 30-Jun-15 | 30-Jun-14 | ||
| Net Premium | 2,536 | 2,926 | -13% |
| Underwriting Profits | 1,505 | 1,414 | 6% |
| Other Income & Investment Income | 103 | 119 | -13% |
| Operating Expenses | -1,457 | -1,887 | -23% |
| Pre-tax profits | 702 | 615 | 14% |
| Profit After Tax | 650 | 553 | 18% |
| Current Share Price | 0.50 |
