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QIC Group H1 net profit soars 181pc to $89mQatar Insurance Company (QIC), the leading insurer in Qatar and the Middle East North Africa (Mena) region, has reported a net profit of QR325 million ($89 million) for the first half of 2023, rising 181% from the same period in 2022. More… |
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Saudi Re Year 2022 net rises 6.4pc; premiums total $372.6mThe Saudi Reinsurance Company (Saudi Re) has seen its 2022 net profit before Zakat rise to $15 million compared to $14.19 million in 2021, an increase of 6.4%. The company’s 2022 results also showed More… |
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Premiums of UAE listed insurance firms up 7.6pc in H1The total premiums of insurance companies listed in local financial markets across the UAE during the first half of 2022 increased by 7.64% year-on-year, equivalent to AED1.11 billion ($302 million), while their net profits totalled AED817.8 m More… |
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Adnic reports 2022 first quarter net profit of $23.06mAbu Dhabi National Insurance Company (Adnic), a leading regional multi-line insurance provider, has posted a first-quarter 2022 net profit of AED84.7 million ($23.06 million) while gross written premiums rose by 20.2% to AED2.28 billion. More… |
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Adnic H1 net profit surges nearly 60% to $51.6mAbu Dhabi National Insurance Company (Adnic), a top multi-line insurance provider, recorded a net profit of AED189.7 million ($51.6 million) for the first half (H1) of the year, a 59.9% increase compared to the same period last year. More… |
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DIFC's reinsurance sector written premiums surge 17pc to $2bnDubai International Financial Centre, a leading international financial hub in the Middle East and Africa and South Asia region, has announced sustained performance in the reinsurance sector with its gross written premiums hitting $2 billion i More… |
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Some small GCC insurers may struggle in 2019: S&PThe mounting competition, more volatile investment returns, higher regulatory costs, and stricter accounting standards will weigh on GCC insurers' earnings this year, said S&P Global Ratings (S&P) in a new report. What More… |
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QIC Group posts net profit of $106m for H1Qatar Insurance Company (QIC), a leading insurer in region, has reported a net profit of $106 million for the first half of 2018. The Mena markets continued to produce stable premiums with underwriting profitability, weathering un More… |
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IGIH posts 9pc rise in H1 gross premiumsDubai-based International General Insurance Holdings (IGIH) has announced gross written premiums of $138.1 million for the first half (H1) of 2017 as compared to $126.8 million for H1 2016, an increase of 9 per cent. Net profits a More… |
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GCC Islamic insurance growth slows to 1pc in 2016Following years of annual growth in gross premiums of up to 20 per cent in the Islamic insurance sector in the GCC, growth slowed significantly to less than 1 per cent in 2016, said S&P Global Ratings in a new report. The slow More… |
