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Bahrain: Trust Re, solid results in 2015

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Magazine Issue: 
The insurance of connected items [3]
Magazine date: 
Mar 2016

Trust Re closed the 2015 year with excellent results. The group reported a net profit of 30.8 million USD, which is exactly the double of the turnover achieved twelve months earlier. This excellent performance is mainly due to financial income which was up by 71.6% in one year to 24.2 million USD. As for the technical operations result, it increased by 49.6% reaching 17.5 million USD in 2015.

Turnover which was at 452.6 million USD in 2014 rose by 5.1% to 475.9 million USD in 2015.

The combined ratio for the current year improved by 1.8 points to settle at 94%, while shareholder's equity increased from 385.2 million USD in 2014 to 429.6 million USD in 2015, that is an increase of 11.63%.

Wed, 30/03/2016 - 16:22

Source URL: https://www.atlas-mag.net/en/article/trust-re-solid-results-in-2015

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