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.  

Underwriting income came in at AED 919.46 million last year, compared with AED 970.5 million a year earlier.

The company’s board of directors proposed a cash dividend distribution of AED 0.35 per share or 35% of the paid-up capital to shareholders for 2020.