Dubai Insurance rated "A" by Fitch

Fitch Ratings has assigned an "A" financial strength rating with a stable outlook to Dubai Insurance Company (DIN).

The rating reflects DNI's solid business profile, very strong capitalization and financial performance, diversified reinsurance panel and prudent reserves.

With a turnover of 1.5 billion AED (408.4 million USD), DNI is the fourth-largest listed company in the United Arab Emirates.

The insurer closes the 2022 year with an underwriting result of 78 million AED (21.2 million USD) and a combined ratio of 81%.