Orient Insurance logs profit in Q3 2019

The company net premium written increased

  
Dubai- Mubasher: The financial statements of Orient Insurance Co showed a net profit worth AED 343.885 million after tax attributed to the equityholders over the nine-month period in 2019 when compared to AED 340.282 million a year earlier.

Earnings per share (EPS) recorded AED 68.78 in the January-September 2019 period, versus AED 68.06 a year earlier, according to a bourse statement on Monday.

The company achieved a net premium written of AED 996.604 million in the nine-month period in 2019, up from AED 994.707 million in the same period a year earlier.

Over the third quarter of 2019, the net profit attributed to the equityholders stood at AED 82.200 million, down from AED 100.247 million in the corresponding quarter in 2018.

EPS reached AED 16.44 in Q3-19, down from AED 20.05 during Q3-18.

Regarding the first half of 2019, the company logged a total profit of AED 270.29 million, compared to AED 244.01 million in H1-18.

Source: Mubasher

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