Dubai - Mubasher: Orient Insurance Co, listed on the Dubai Financial Market (DFM), has reported an 8% year-on-year growth in profits for the first quarter of 2019.
Total profit amounted to AED 166.01 million ($44.25 million) in Q1-19, versus AED 153.6 million ($41.65 million) in the prior-year period, according to a statement.
The company’s total income reached AED 232.16 million in the three-month period ended March, compared to AED 220.531 million in Q1-18, Orient insurance added.
Meanwhile, total premiums written grew to AED 1.308 billion at the end of March from AED 1.199 billion in the same quarter of 2018.
The company’s assets stood at AED 7.688 billion in Q1-19, compared to AED 7.082 billion in the year-ago period.
