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5.7% increase in profits of Arig group

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Magazine Issue: 
Supply and demand rule [3]
Magazine date: 
Feb 2014

Despite a decrease of 5% of its gross premiums (262 million USD in 2013 against 276.5 million USD in 2012), the Arig group achieved, in 2013, a net profit of 18.6 million USD, up by 5.7% compared to the previous year (17.6 million USD).
Although positive, the result is penalized by the relative unfitness of takaful group activities. The subsidiary Takaful Re has recorded a loss of 5.2 million USD and a reduction of 43% of its portfolio, which has passed to 21.5 million USD. In 2013, the re-takaful industry only totaled 8% of the total gross premiums of the group.

Tue, 18/02/2014 - 15:25

Source URL: https://www.atlas-mag.net/en/article/57-increase-in-profits-of-arig-group

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