According to the annual report of the Insurance Authority, Emirati insurers recorded, at the end of 2017, 2.2 billion AED (598.84 million USD) in net profits, up by 22% compared to 1.8 billion AED (489.96 million USD) reported in 2016.
National companies contributed 68% of these profits while 32% were made by foreign companies based in the country.
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