BNH’s profits go down

Bahrain National Holding (BNH) saw its net profit and its gross premium income decline respectively by 6.4% at 10.1 million USD and by 6.6% at 61.21 million USD over one year.
The drop of profits was accounted for by the high loss experience. The group’s overall assets have grown slightly from 195.3 million USD in 2009 to 195.5 million USD in 2010. The net earned premiums went up at 36 million USD compared to 35.5 million USD a year before. Investments grew by 16.7% at 6.9 million USD.