Dubai National Insurance achieves higher profits in H1-20
The net earned premium rose to $16.34mln
By Staff Writer, Mubasher
Dubai – The net profits of Dubai National Insurance and Reinsurance (DNIR) increased to AED 38.51 million in the January-June period of 2020 from AED 35.19 million in the corresponding period of 2019.
The company's net earned premium rose to AED 60.7 million in the first half (H1) of the current year, compared to AED 58.72 million in the same half of 2019, according to the company's interim financial results for the period ended on 30 June 2020.
The company's net underwriting income recorded AED 25.99 million in H1-20, down from AED 26 million in H1-19.
The basic and diluted earnings per share (EPS) stood at AED 0.33 in the first six months of 2020, against AED 0.30 in the year-ago period.
It is noteworthy to mention that in the first quarter (Q1) of 2020, the company achieved AED 26.67 million net profits, compared to AED 26.01 million in the same period of 2019.
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