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RAK Insurance reports AED 34 mln profit in FY13

RAK Insurance reports AED 34 mln profit in FY13
RAK Insurance
RAKNIC
-10.00% 2.70 -0.30
Ras Al Khaimah National Insurance Co. recorded a gross underwriting profit from Insurance operations of AED 50.875.576, compared to AED 46.718.879 in the earlier year. Net profit reached AED 34 million at the end of FY13, rising 21.43% compared to AED 28.124.323 in FY12. Gross written premium increased 19.14% to AED 250.632.798, compared to AED 210.362.900 the year before.