News Middle East09 Mar 2020

Bahrain:Listed insurers' aggregate profits soar by 81% in 2019

09 Mar 2020

Insurance companies listed on the Bahrain Bourse posted an aggregate profit of BHD18m ($47.7m) for the 2019 financial year, 81% higher than the BHD9.9m seen for 2018.

The insurance sector represented on the Bahrain Stock Exchange comprises five companies, namely, Bahrain National Holding Company, Arab Insurance Group (Arig), Bahrain Kuwait Insurance, Solidarity Bahrain, and Takaful International.

The companies all reported profits, with the surge in the aggregate result driven by Arig.

The reinsurer topped the group with profits of $17.5m (BHD6.6m) in 2019. In contrast, in 2018, it posted losses of $55.2m.

The results of the five companies are summarised as follows:

Company

Net profits 2019

Change from 2018

Arig

BHD6.6m

Turnaround from losses

Bahrain National Holding

BHD5.0m

+44%

Solidarity Bahrain

BHD2.9m

+13%

Bahrain Kuwait Insurance

BHD2.8m

-14%

Takaful International

BHD0.7m

+6%

| Print | Share

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.

 

Recent Comments

There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.