News
Aman Reports 69% Q1 Profit Surge
| April 22, 2010 by Rob Morris
Insurer posts strong Q1 profit.
Dubai Islamic Insurance & Reinsurance (Aman) has seen its first quarter profit for 2010 rise 69 per cent compared to the same period last year.
The company generated AED10.2 million, a significant increase from the AED6 million registered in 2009.
Operating profit increased 54 per cent during the same period to AED4.6 million, while Aman’s premiums climbed 10 per cent to AED86.4 million.
Aman chairman Mohamed Bin Omeir Bin Yousif Al Muhairi stressed the company was financially stable and resilient to the economic downturn.
Expanding at a regional level and increasing the company’s profits are the aims for the rest of this year, he added.
