Mubasher: Arab Insurance Group (Arig) achieved a consolidated net profit attributed to shareholders of $12.8 million during the first nine months in 2019, against a loss worth $22.2 million a year earlier.

Earnings per share (EPS) amounted to $6.5 in the 2019 period, against a loss per share of $11.2 in the corresponding period in 2018, while total assets recorded $1.048 billion in the same period in 2019 from $1.102 billion, said a press release on Thursday.

Meanwhile, the company saw lower gross premiums written by 27% at $175.4 million during the period from January to September 2019, when compared to $239.9 million a year earlier due to lower non-LIoyds portfolio.  

Over the first half of 2019, Arig’s consolidated net profit attributable to shareholders recorded $9.2 million, against a loss of $22.4 million in H1-18.

Arig is a dual-listed on Bahrain Bourse (BHB) and the Dubai Financial Market (DFM).