UAE: Orient posts 11% increase in profit
Source: Middle East Insurance Review | Mar 2019
Orient Insurance has posted a 10.8% increase to AED393.42m ($107.1m) in net profit attributable to shareholders for 2018.
The company’s net profit increased despite a decline of 8.7% in GWP to AED3.68bn and an 18% jump in general and administrative expenses, according to financial statements for 2018 lodged with the Dubai bourse.
Table 1 summarises the financial performance of Orient Insurance in 2018. M