Oman Insurance reports net profit of AED110.2mn in H1
- Date: 12-Aug-2020
- Source: Emirates Business
- Sector:Financial Markets
- Country:Oman
Oman Insurance reports net profit of AED110.2mn in H1
Oman Insurance reports net profit of AED110.2mn in H1 Admin 6 hours ago Local NewsDUBAI / WAMOman Insurance Company announced that it has posted a net profit of AED110.2 million in the first half of this year, a four percent increase as compared to the same period last year while having increased its solvency above 250 percent. Total Gross Premium Written (GPW) at the end of H1 2020 is AED2.1 billion (+3 percent versus prior year) whilst the net investment income increased 5 percent to AED57.6 million, the company said in a statement on Tuesday. Commenting on the financial results, Jean-Louis Laurent Josi, CEO of Oman Insurance, said, “We have passed the first half of a very challenging year with robust financial strength and strong operating performance. Our current