Trust Re, net profit up by 10.5% for H1 2014

According to the latest figures released by Trust Re, the first semester of 2014 closed on an increase of 19.1% of company's gross written premiums to 314.3 million USD, against 263.9 million USD for the same period in 2013.

Nevertheless, the Bahraini reinsurer has shown a decrease of its net underwriting profit, which goes from 10.7 million USD to 6.9 million USD (-35.5%). The net profit was ultimately up by 10.5% year-on-year to 11.5 million USD.

Note that Trust Re will celebrate its 25th anniversary on Tuesday ,October 14, 2014 in Manama (Kingdom of Bahrain).