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Orient GWP of AED 3.9 Billion & Net Profit of AED 425 Million for 2019

February 11, 2020

ORIENT INSURANCE reported Gross Written Premium of AED 3.9 Billion and Net Profit of AED 425 Million for the year 2019 strengthening its position as the UAE Insurance Market Leader. 

OMER ELAMIN, President – Orient Group, said: 
"2019 marked another excellent year for Orient where we delivered strong results consolidating our position as the market leader. The excellent results are a confirmation of our leading market position in all financial parameters - Premium, Net profit, Equity and Investments. 
We look forward to building on the momentum generated, as we leverage our proven ability to navigate the current dynamic market. The strong results are a testament to the trust and support of our clients and business partners.”
 

2019 Results Highlights

 

 In AED

Market Position

Gross Written Premium

3.9 Billion

1

Net Profit

425 Million

1

Technical Profit

220 Million

1

Investment Income

205 Million

1

Equity

3.1 Billion

1

Investments

4.3 Billion

1

Cash and Bank Deposits

3 Billion

1

Credit Rating (MENA)

a + from AM BEST

A from S & P

1


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