Dubai Insurance rated "A" by Fitch

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Dubai Insurance Company (DIC)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%.

Read also | Insurance companies in UAE

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Thu, 21/12/2023 - 10:09
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