Results of several market players in 2003

The 2003 outcome

  • Abu Dhabi National Insurance Company (ADNIC) reports a 43.6 million USD in net profit (+9% compared to 2002). Gross premiums reached 167.7 million USD (+15%).
  • Oman Insurance Company yielded a 19.4 million USD in net profit (+70%). Gross premiums amount reached 102 million USD (+47%). Moreover, the company shareholders have welcomed the company's capital increase from 13.6 to 17.7 million USD.
  • Al Ain Ahlia Insurance Company is making a 17.4 million USD in net profit (+72%). Gross premiums reached 76.1 million USD (+27%).
  • Emirates Insurance Company reports a 15.5 million USD in net profit (+59%). Gross premium revenues went up by 36% reaching 75 million USD.
  • Al Buhaira National Insurance reports a progressive 88% net profit reaching 13.6 million USD.
  • Arab Orient Insurance Company reports a 10.3 million USD in net profit (+27%) and the doubling of its capital reaching 27.2 million USD.
  • Al Khazna Insurance Company shows a 10 million USD in net profit, (+32%).
  • Alliance Insurance shows a 7.1 million USD (+44%).
  • Net profit of National General Insurance Company (NGI) reached 3.6 million USD, (+47%).
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