 Dubai Insurance Company has announced its 3rd quarter results late last week with the period ending September 30th 2009.
The company announced its profit earnings of AED 5,664,000 for the third quarter as compared to earnings of AED 4,806,000 for Q3-2008.
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DIC has seen a strong growth in written premium of 33.5% for the 9 month period totalling 135.65 million. The profit for the period was 27.54 Million, which saw the technical profit strengthen by 13% giving an overall technical profit of 17.76 million.
Shareholders equity also experienced gains of 6.18% totalling 329.6 million over last year's results.
Mr. Abdellatif Abuqurah, General Manager, commented " .... our 2009 Q3 results show a consistent and encouraging growth in our technical profit despite market conditions. We anticipate a strong close to the financial year and foresee healthier and prosperous results for the final quarter” .
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