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Dubai Insurance's profits jump to AED 59m in 9M

Dubai Insurance's profits jump to AED 59m in 9M
The company's net underwriting income increased to AED 50.99 million
Dubai Insurance
DIN
14.89% 8.10 1.05

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 underwriting income increased to AED 50.99 million in the January-September period of 2021 from AED 41.795 million in the year-ago period.

Meanwhile, the company's net insurance premium revenue jumped to AED 174.31 million in the first nine months of 2021 from AED 91.487 million in the corresponding period of the earlier year.

The basic and diluted earnings per share (EPS) settled at AED 0.588 in the January-September period of 2021, versus AED 0.486 in the year-ago period.

During the third quarter (Q3) of 2021, the company's net profits rose to AED 16.557 million from AED 16.17 million in the same quarter of 2020.

It is noteworthy to mention that during the first half (H1) of 2021, the company's net profits increased to AED 42.252 million, compared to AED 33.002 million in the year-ago period.