UAE - Profits of 28 insurers at AED 591.65 m in Q1
Tuesday, 05 21 2019, Category: Insurance and Reinsurance, Country: U.A.E
The results of 30 insurance companies listed on the Dubai Financial Market and Abu Dhabi Securities Market showed 28 companies posting profits in the first quarter of 2019. Two companies reported losses.
The total profit of these companies amounted to AED 591.65 million, a growth of 5.5% compared to AED 560.94 million in the first quarter of 2018.
Insurance companies said that companies achieved positive results during the first quarter of this year on both the technical and investment levels, despite the challenges posed by price competition, pressures on capital markets and the benefit of improved working conditions and the regulatory environment.
Source: Teller Report