Bahrain National Holding: Q1 2021 results

In Q1 2021, Bahrain National Holding the parent company of Bahrain National Insurance and Bahrain National Life Assurance, recorded a 61.5% increase in net profit. The latter went from 1.17 million BHD (3.08 million USD) as of 31 March 2020 to 1.89 million BHD (4.98 million USD) during the same period in 2021.

The net earned premiums increased by 3% to reach 4.4 million BHD (11.6 million USD) in the first quarter of 2021 compared to 4.28 million BHD (11.2 million USD) by late Q1 2020.

The technical results stood at 1.08 million BHD (2.8 million USD) that is a 24% growth over one year.

During the period under review, the net investment income rose by 48%, set at 979 000 BHD (2.5 million USD) compared to 663 000 BHD (1.7 million USD) in 2020.