UAE – 27.7% increase in ins. profits in 3m
Thursday, 06 07 2018, Category: Insurance and Reinsurance, Country: U.A.E
The consolidated profits of the insurance companies listed in the UAE financial markets reached AED 562 million during the first quarter of year 2018, which represents a 27.7% increase compared to AED 440 during the same quarter in year 2017.
According to the latest analysis conducted by the Emirates News Agency, which included 30 insurers listed in the financial markets of Abu Dhabi and Dubai, the profits in the first 3 months of this year represent 40% of the total profits recorded in year 2017, which reached AED 1.4 billion.
Source: Emirates News Agency