Dubai Insurance Co PSC (DIN)

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News

24 June 2024 08:04 AM Moody’s maintains Dubai Insurance’s ‘A3’ rating; outlook upgraded

Dubai – Mubasher: Moody’s Ratings has affirmed Dubai Insurance Company’s ‘A3’ insurance financial strength rating (IFSR). The rating agency changed the company’s outlook to positive from stable, according to a press release. DIN's outlook has …

Banking and Finance

8 February 2022 08:49 AM Dubai Insurance sees higher profits in 2021; dividends proposed

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 …

Cash Dividends

8 December 2021 08:31 AM Moody's assigns Dubai Insurance 'A3' rating; outlook stable

Dubai – Mubasher: Moody's Investors Service (Moody's) has assigned an 'A3' insurance financial strength rating (IFSR) to Dubai Insurance Company, with a stable outlook. The rating reflects the company's good market position and brand, strong …

Ratings

26 October 2021 07:46 AM Dubai Insurance's profits jump to AED 59m in 9M

Dubai – Mubasher: The unaudited consolidated interim financials of Dubai Insurance Company reported AED 58.81 million net profits during the first nine months of 2021, up from AED 49.17 million in the same period of 2020. The company's net …

Financial Results

2 August 2021 07:38 AM Dubai Insurance's profits grow to AED 42m in H1-21

Dubai – Mubasher: The net profits of Dubai Insurance Company increased to AED 42.252 million during the first half (H1) of 2021, compared to AED 33.002 million in the year-ago period, as shown by the company's interim financials for the period …

Financial Results

29 April 2021 09:54 AM Dubai Insurance reelects Chairman, Vice Chairman

Dubai – Mubasher: Dubai Insurance Company announced the reelection of Buti Obaid Almulla as the Chairman of the board, according to a bourse filing on Thursday. The company has also reelected Vice Chairman Marwan Abdulla Al Rostamani. During its …

Corporate Actions

28 January 2021 08:24 AM Dubai Insurance profits down 27% in 2020; dividends proposed

Dubai – Mubasher: The net profits of Dubai Insurance Company decreased by 27.3% on a yearly basis in 2020 to reach AED 55 million. This is compared to profits of AED 75.64 million during 2019, according to a bourse filing on Thursday.   …

Board of Directors

5 August 2020 07:34 AM Dubai Insurance's net profits slid to AED 33m in H1-20

Dubai – Mubasher: The net profits of Dubai Insurance Company declined to AED 33 million during the first half (H1) of 2020 from AED 43.4 million in the same period of 2019. The company's net underwriting income decreased to AED 24.31 million in …

Financial Results

14 May 2020 08:27 AM Dubai Insurance profits decline to AED 22m in Q1-20

Dubai – Mubasher: Dubai Insurance Company reported net profits of AED 22.149 million during the first quarter (Q1) of 2020, down from AED 24.41 million in the same period of 2019. The company's net underwriting income declined to AED 19.50 million …

Financial Results

5 February 2020 03:10 PM Dubai Insurance FY19 profits grow to AED 76m

Dubai – Mubasher: Dubai Insurance Company achieved a profit of AED 75.64 million during fiscal year 2019, higher than AED 50.50 million in 2018. Earnings per share (EPS) stood at AED 0.72 in 2019 when compared to AED 0.47 in the prior year, …

Financial Results

26 November 2019 07:28 AM AM Best affirms Dubai Insurance’s FSR at ‘B++’

Dubai – Mubasher: Dubai National Insurance and Reinsurance was assigned a ‘B++’ (Good) financial strength rating (FSR) and a long-term issuer credit rating of ‘bbb+’, with a ‘Positive’ outlook by AM Best. The rating agency has noted the firm’s …

Ratings

6 November 2019 10:49 AM JAFZA unveils workforce protection programme

Dubai – Mubasher: Jebel Ali Free Zone (Jafza), A DP World-owned company, has concluded an agreement with Dubai Insurance Company (DIC) to roll out the Workforce Protection Programme that will benefit companies based in the zone, National …

General News

28 July 2019 09:54 AM Dubai Insurance posts H1 consolidated interim financial results

Dubai – Mubasher: Dubai Insurance Co, listed on the Dubai Financial Market (DFM), has posted a consolidated interim profit of AED 43.4 million for the first half of 2019, versus AED 29.05 million in H1-18. Total comprehensive income grew to AED …

Financial Results

2 May 2019 02:27 PM AM Best affirms Dubai Insurance’s rating at ‘A-‘

Dubai – Mubasher: AM Best has affirmed the financial strength rating of Dubai Insurance Company (DIN) at “A-“, the agency said in a report released on Thursday. The specialist insurance ratings firm has also confirmed DIN’s long-term issuer credit …

Macroeconomics

20 February 2019 00:38 PM DIRC completes 25% of Al Barsha 1 tower

Dubai – Mubasher: Dubai Investments on Wednesday announced that its subsidiary Dubai Investments Real Estate Company (DIRC) has completed 25% of the new residential tower at Al Barsha 1. The company noted that excavation and substructure work on …

Companies Investments

28 June 2017 00:46 PM A M Best upgrades DIC ratings

Dubai – Mubasher: A M Best has upgraded Dubai Insurance Company’s (DIC) financial strength rating to A- (Excellent) from B++ (Good) and the long-term issuer credit rating to “a-” from “bbb+”, according to a statement. The outlooks of these Credit …

Ratings

4 May 2017 06:25 AM Dubai Insurance Q1 profits decline 38%

Dubai – Mubasher: Dubai Insurance Company reported a decline in its profits by 38.1% year-on-year during the first quarter of 2017, according to a bourse filing. Profits reached AED 13.93 million ($3.79 million) in Q1-17, compared to AED 22.49 …

Financial Results

5 March 2017 00:51 PM Dubai Insurance approves annual dividends

Dubai – Mubasher: Dubai Insurance Company said its board gave the go-ahead to 25% dividends, or 25 fils per share, totalling AED 25 million for fiscal year 2016. The company’s capital amounts to AED 100 million, distributed on 100 million shares …

Corporate Actions

25 January 2017 01:32 PM Dubai Insurance profits down 57% in Q4

Dubai - Mubasher: Dubai Insurance Company reported a 56.5% decline in profits in the fourth quarter of 2016 compared to the same quarter in the year before. Profits totalled AED 2.88 million ($783,900) in Q4-16 compared to AED 6.62 million ($1.8 …

Financial Results

14 November 2016 07:23 AM Dubai Insurance profits up in Q3

Dubai – Mubasher: Dubai Insurance Co. posted a 139.5% rise year-on-year in its profits during the third quarter of 2016, according to a bourse statement. Profits reached AED 5.7 million ($1.55 million) in Q3-16, compared to AED 2.38 million …

Financial Results

10 August 2016 01:19 PM Dubai Insurance Q2 profits down 19%

Dubai-Mubasher: Dubai Insurance Company’s net profits fell 18.9% year-on-year to AED 5.55 million ($1.51 million) in the second quarter of 2016 from AED 6.84 million ($1.86 million). On the other hand, the company’s profits rose 7.5% to AED 28.04 …

Financial Results

11 June 2016 10:00 PM A.M. Best affirms Dubai Insurance Company’s credit ratings

Dubai-Mubasher: A.M. Best has affirmed Dubai Insurance Company’s (DIC) financial strength rating and the issuer credit rating at ‘bbb+’ and ‘B++’ respectively, with a ‘Positive’ outlook for each rating. These ratings have reflected the company’s …

Ratings

12 May 2016 08:08 AM Dubai Insurance profits rise in Q1

Dubai-Mubasher: Dubai Insurance Company saw a decline of 17% year-on-year in its first-quarter profits, according to a bourse statement. Net profits reached AED 22.49 million ($6.12 million) in the first three months of the year, compared to AED …

Financial Results

6 March 2016 06:35 AM Dubai Insurance shareholders Ok FY15 dividends

Dubai-Mubasher: Dubai Insurance Company’s shareholders gave the go-ahead to distribute 25% cash dividends or 25 fils per share for the fiscal year 2015, totalling AED 25 million, according to a bourse statement. Shareholders also ratified the …

Corporate Actions

20 January 2016 01:19 PM Dubai Insurance earnings leaps to AED35mn in 2015

Dubai – Mubasher:  Dubai Insurance Company announced that its net profits grew by 16.8% in FY15 to AED35 million ($9.5 million), from AED30 million ($8.17 million) a year earlier. Financial results for the first nine months of FY15 showed a …

Financial Results