 Positive results, strong growth and consistency all marked the announcement of the 2009 financial year for Dubai Insurance. The company declared its profit earnings of AED 27.243 (m) for the year and announced a cash dividend of 25% to its shareholders.
The company experienced a strong increase in written premium totalling 161 million achieving 32% growth for the year end.
The underwriting technical profit finished at 18.3 million which saw an increase of 14% over last years figures. Total assets also experienced gains of 10% by reaching 468 million with shareholder equity at 303 million.
Mr. Abdellatif Abuqurah, General Manager, commented " these results are an indication of consistency and good underwriting practices which helped the company advance through the difficult market conditions of 2009 . We had anticipated a strong close to the financial year (2009) and this achievement will certainly be a positive drive for our expansion and growth plans in the coming years”.
Click here to down load end of year 2009 financial report
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