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Financial Performance tag returned 848 results

  • Oman: Reinsurer's net profit soars by 131.5% in 1H 2020

    Oman Re, the sole reinsurer operating in the Sultanate of Oman, has reported a net profit of OMR664,300 ($1.73m) for 1H2020, higher by 131.5% compared to OMR 286,900 during 1H2019, according to interim financial statements released by the company.

    Middle East | 13 Aug 2020
  • Bahrain: Arig slips into the red in 1H

    Regional reinsurer Arig has recorded a consolidated net loss of $3.1m attributable to shareholders of the parent company, for the first six months of 2020, compared to a net profit of $9.2m for 1H2019.

    Middle East | 13 Aug 2020
  • UAE: Oman Insurance Co posts stable 1H financial performance

    Oman Insurance Company has posted a net profit of AED110.2m ($30m) for the first half of 2020, a 4% increase over the corresponding period last year.

    Middle East | 12 Aug 2020
  • Singapore: Weighted new business life premiums fall by 13% in 1H

    Singapore's life insurance industry recorded a total of S$1.66bn ($1.21bn) in weighted new business premiums for 1H2020, a drop of 13% from the same period in 2019. according to data released yesterday by the Life Insurance Association, Singapore (LIA Singapore) for the period January to June 2020.

    Asia | 12 Aug 2020
  • UAE: SALAMA 1H2020 net profit increases 41% to US$12.8m

    Islamic Arab Insurance Company (SALAMA) has posted a 41% surge in net profit to AED47.05m for the first six months of the year compared to AED33.36m in 1H2019.

    Middle East | 11 Aug 2020
  • 1H: Taiwan's total life premiums grow, new business declines

    Taiwan's life insurance sector posted an 8.4% fall in premium income, to NT$1,536.2bn ($52.2bn) in the first half of 2020, according to statistics from the Life Insurance Association (LIA-ROC).

    Agents | 11 Aug 2020
  • Uganda: Reinsurer sees surge in GWP but flat net profit in 2019

    The Uganda Reinsurance Company (Uganda Re) has posted an increase in gross written premium of 50.7% to UGX50.5bn ($13.7m) in 2019, from UGX33.5bn in 2018, reveal the company's financial statements for the year ended 31 December 2019.

    Africa | 10 Aug 2020
  • Kenya: Reinsurer's after-tax profit jumps by 46% in 1H

    Kenya Reinsurance has posted a 46% surge in net profit after tax to KES1.57bn ($14.5m) for the half year ended 30 June, according to unaudited interim financial statements issued by the reinsurer.

    Africa | 10 Aug 2020
  • UAE: ADNIC sees 1H net profit surge 60% in 1H

    Abu Dhabi National Insurance Company (ADNIC) has reported that net profit for the six-month period ended 30 June 2020 climbed by 59.9% to AED189.7m ($51.6m) compared to a net profit of AED118.6m for the corresponding period in 2019.

    Middle East | 09 Aug 2020
  • More foreign owned P&C ventures report profits for 1H

    Seventeen non-life insurers out of 21 that have foreign shareholders reported profits for the first six months of the year.

    China | 07 Aug 2020