Oman Re: results for the first nine months of 2019

Despite rate pressure and difficult market conditions, Oman Re achieved a 99.4% increase in its net result during the first nine months of 2019. The latter went up from 363 700 OMR (942 000 USD) at September 30, 2018 to 725 300 OMR (1.878 million USD) one year later.

Investment income grew sharply over the same period to reach 1 million OMR (2.59 million USD) against 168 500 OMR (436 000 USD) at the end of September 2018. The combined ratio also improved from 104.5% at 30 June 2019 to 99.4% at 30 September 2019.

Read also | Omani insurance industry