Jordan: Arab Orient Insurance records 23% growth in 2014 profits to US$7 mln
Source: Middle East Insurance Review | Mar 2015
Arab Orient Insurance has posted an after-tax profit of JOD5 million (US$7 million) for 2014, an increase of 23% compared to around JOD4 million for the previous year. The insurer achieved total premiums of JOD94.95 million for 2014, compared to JOD86 million in 2013.
Arab Orient Insurance’s Chairman, Mr Naser Lozi, said in a statement that the company’s operations during 2014 exceeded expectations. He said that the company would add new insurance products to serve customers and protect their health and property.
The company recently partnered with Aviva’s Gulf Solutions to provide private medical insurance cover in Jordan.
JOD1 = US$1.41