News Middle East08 Aug 2019

UAE:Oman Insurance posts a 75% surge in 1H net profit

08 Aug 2019

One of the UAE's largest insurers, Oman Insurance, retained its positive business momentum as its net profit grew by 75% to AED105.6m ($28.8m) in 1H2019, as compared to AED60.2m for the same period last year. This growth is supported by strong underwriting results, increased investment income, accelerated collections and leaner operating expenses. The profit was the highest half yearly net profit over five years.

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