The 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 million ($222.6 million).

 

According to the disclosure reports of 28 national insurance companies, the total value of premiums increased from AED14.563 billion in the first half of 2021 to AED15.676 billion in the first half of 2022.

 

Some 13 companies listed in the Dubai Financial Market accounted for 56.1% of the total premiums of insurance companies, valued at AED8.8 billion, while 15 companies listed on Abu Dhabi Securities Exchange (ADX) accounted for 43.9% or AED6.9 billion.

 

The assets of national listed insurance companies also increased to AED64.7 billion in H1, compared to AED61.83 billion at the end of December 2021, up 4.7% or AED2.93 billion in the first half of 2022.

 

The 13 companies listed in the Dubai Financial Market accounted for 56.4% of total assets at AED36.5 billion, while the 15 companies listed in the ADX accounted for 43.6% of the assets.-TradeArabia News Service