Dubai – Mubasher: Dubai-listed Orient Insurance has reported a five percent net profit increase in its financial statements for FY14 compared to FY13.

Orient achieved a net profit of AED 252 million ($68.6 million) during the year compared to AED 240 million ($65.34 million) during FY13.

Insurance premiums rose by 13% to AED 1.8 billion during the year, compared to AED 1.6 billion during FY13.

Worth noting, Orient had reported a net profit increase by 3.3% during the first nine months of 2014 as compared to figures from the corresponding period a year earlier.

Orient Insurance’s capital amounts to AED 500 million divided on five million shares at par value AED 100 per share.