Emirates Insurance Company: stable and solid technical results
AM BEST has assigned the A- (Excellent) financial strength rating to Emirates Insurance Company. For the the rating agency, the Emirati insurer’s technical results are strong reporting an average combined ratio of 88.5% and a return on equity of 10% for the 2014-2018 period.
In 2018, Emirates recorded a pre-tax profit of 114 million AED (31 million USD) and a return on investment of 10.4%.
The company's profits are mainly driven by domestic operations. The Agency has noted the increasing development of Emirates internationally.
Read also | Ranking of insurance companies in the UAE
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Fri, 23/08/2019 - 09:54
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