Abu Dhabi – Mubasher: Insurance House (IH) reported a 29.5% year-on-year jump in its comprehensive income during the first quarter of 2019.
Total comprehensive income rose to AED 6.45 million in Q1-19, compared to AED 4.98 million in Q1-18, the insurer said in a statement on Wednesday.
“This is a very encouraging sign for the Company, as the remarkable turnaround in the core business operations of IH has been successfully carried forward into 2019 as well,” Mohammed Abdulla Alqubaisi, chairman of IH, commented.
Gross Premiums Written hit AED 80.65 million in Q1-19, against AED 78.35 million in the prior-year period.
Meanwhile, the company’s net claims fell to AED 23.54 during the first three months of 2019, compared to AED 21.75 million in the same period a year earlier.
“We remain optimistic of our profitable growth potential in the near future. Our strategy is to compete on the basis of innovative product offerings and superior service quality,” Alqubaisi added.
