Dubai – Mubasher: The net profits of Dubai Insurance Company jumped to AED 80.57 million in 2021, compared to AED 55 million in the earlier year, according to the company's consolidated financials for the period ended 31 December 2021.
The company recorded a net underwriting income of AED 75.07 million last year, up from AED 48.78 million in 2020.
The basic and diluted earnings per share (EPS) settled at AED 0.77 in 2021, versus AED 0.51 in the earlier year.
Meanwhile, the company's board has recommended a cash dividend distribution, equivalent to 40% of the paid-up capital.
It is noteworthy to mention that during the first nine months (9M) of 2021, the unaudited consolidated interim financials of Dubai Insurance Company reported AED 58.81 million net profits, up from AED 49.17 million in the same period of 2020.
