UAE listed ins. firms' Q2 profits jump 40%
Thursday, 08 16 2018, Category: Insurance and Reinsurance, Country: U.A.E
Out of 30 listed insurance companies, 26 reported profits while three were into the red.
Profits of UAE-based listed insurance companies jumped 40 per cent to Dh994.5 million in the second quarter of 2018 as against Dh712.5 million for the same quarter last year.
According to Insurance Monitor, the overall contribution to net profit stems largely from an increase in technical profits, which grew from Dh307 million in Q2 2017 to Dh543 million in Q2 2018.
Source: Khaleej Times