Listed UAE insurers: 2020’s results

The preliminary financial results published by Badri Management Consultancy (BMC), show that the UAE insurance market closed 2020 with a 3% turnover increase.

The premiums realized by the 30 listed insurers went from 23.7 billion AED (6.45 billion USD) in 2019 to 24.4 billion AED (6.6 billion USD) as of 31 December 2020.

During the period under review, the net profit recorded by the insurers amounted to 1.8 billion AED (489.99 million USD): an increase of 12.5% over one year.

The return on equity (ROE) was set at 10% in 2020.