13 May 2010
(MENAFN) The Chief Executive Officer of the Arab Insurance Group (Arig) said that the Manama-based firm posted a net profit of $4.5 million in the first quarter of this year up from $1.5 million a year earlier, assisted by rebounding investment returns, Gulf News reported.
The CEO said that shareholders’ equity after the first quarter stood at $257.2 million against $267.3 million at the year-end following distribution of $13.2 million in dividends on last year’s results.
Year-on-year, gross premiums written grew by 27 percent to $141.7 million and the company’s non-life combined ratio came in at a favorable 85.7 percent, he added.
Arig earned $6.5 million in investment income in the first quarter, a turnaround from last year’s first quarter loss of $300,000, the CEO said.
16 Mar 2023
BBK partners with Four Seasons Private Residences Bahrain Bay to offer ownership financing for 112 waterfront homes.
01 Mar 2023
You could be the next lucky winner.. BBK: BD 1.9 million prizes from Al Hayrat this year
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more