Oman Re: H1 2020 results
Oman Re reported a 21.4% turnover increase in H1 2020. The latter went from 13.5 million OMR (35 million USD) in H1 2019 to 16.4 million OMR (42.5 million USD) a year later.
As at 30 June 2020, the net profit reached 664,300 OMR (1.73 million USD), thus increasing by 131.5% from 286 900 OMR (746 200 USD) a year earlier.
The investment income grew by 44.1% to reach 937 200 OMR (2.4 million USD). The company's shareholder's equity was established at 23.9 million OMR (62.2 million USD). The combined ratio stood at 97.84%.
Read also | Oman Re: new members on the Board of Directors
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