Dubai – Mubasher: The net profits attributable to the shareholders of Dubai Islamic Insurance and Reinsurance Company (Aman) increased by 14% to AED 9.94 million in the first nine months of 2020 from AED 8.7 million in the same period of 2019.
The company's net takaful income reached AED 55.54 million in the January-June period of 2020, down from AED 61.32 million in the year-ago period, according to the company's financial results for the period ended on 30 September 2020.
Meanwhile, the company's net earned takaful contributions rose to AED 74.149 million in the first nine months of 2020 from AED 53.008 million in the corresponding period of 2019.
The earnings per share (EPS) settled at AED 0.044 in the January-June period of 2020, compared to AED 0.039 in the same period of 2019.
At the same time, the company incurred accumulated losses of AED 93.2 million as of Q3-20, representing 41.29% of the capital.
Commenting on the company's performance, Aman’s Chairman, Saleh Al Hashemi, said: "Aman is performing at its best to secure value for all stakeholders under this unprecedented challenging situation and committed to deliver better results in the coming days."
Meanwhile, the CEO of Aman, Jihad Faitrouni, remarked: "It is obvious that our strategy and prudent action has enabled us to provide such good results and we thank all partners for their trust and support extended to Aman."
It is noteworthy to mention that in the first half (H1) of 2020, Aman recorded net profits attributable to the shareholders of AED 8.17 million, up from AED 7.49 million in H1-19.