Dubai – Mubasher: Standard and Poor's (S&P) has affirmed Orient Insurance’s long-term counterparty credit and insurer financial strength ratings at “A”, with a “Stable” outlook, according to a statement.
The ratings will help Orient maintain its position as the second-largest insurer in the UAE, in addition to its capital adequacy and strong profits.
The company generated profits of AED 150.02 million in Q1-17, up 16% from AED 129.37 million in Q1-16.
Profits reached AED 313.85 million in 2016, up 15.4% from AED 272.04 million in 2015.
