UAE:Foreign branches' profits down 60% despite premium growth

By Bhaskar Raj | 10 Jul 2017

United Arab Emirates Life & Health Property & Casualty Financial Performance

Total profits generated by 32 branches of foreign insurance companies operating in the UAE declined by 60% to AED236 million (US$64.25 million) in 2016 from AED593 million ($161.45 million) in 2015, according to a performance analysis of UAE insurance companies by Dubai-based Badri Management Consultancy.

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