khaleejtimes.com

Salama H1 Profit More Than Triples to Dh28.3 Million on Underwriting and Cost Control

Islamic Arab Insurance logoIslamic Arab Insurance
Sig2.85Sen+4.35Env0.00Soc0.00Gov+1.65

Islamic Arab Insurance reported first-half profit after tax of Dh28.3 million, more than three times the Dh8.2 million a year earlier, supported by stronger underwriting discipline, portfolio optimization, pricing actions and tighter expense management. Q2 profit rose to Dh14.3 million. After a capital raise and reduction, Salama returned to a solvency surplus of Dh111.6 million with a 154% solvency ratio.

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