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 |