Oman Re: Results of the first quarter 2019

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OMAN REOman Re turnover reported a turnover of 9.9 million OMR (25.64 million USD) in the first quarter of 2019, up by 3% compared to the 9.6 million OMR (24.9 million USD) recorded during the same period of 2018.

The net profit fell by 49.4%, from 233.2 thousand OMR (605 thousand USD) down to 118 thousand OMR (306 thousand USD).

The reinsurer's investment income reached 302.3 thousand OMR (783 thousand USD) against 231.5 thousand OMR (601 thousand USD) one year earlier.

As at March 31, 2019, Oman Re's combined ratio was set at 104.4% against 99.2% targeted by the insurer

Read also | Oman Re, 2018 results

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Fri, 31/05/2019 - 09:01
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