Home News 26 million dirham net profit from «Lake National Insurance»

26 million dirham net profit from «Lake National Insurance»

by Dubai Forum
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Sharjah (Union) Al Buhaira National Insurance Company achieved a net profit of around 25.7 million dirhams in the first half of 2022, compared to 27.5 million dirhams in the same period last year, and total equity amounted to 685 million dirhams at the end. June last year compared to 681 million dirhams.
Sheikh Khalid bin Abdullah bin Sultan Al Qasimi, CEO of Al Buhaira National Insurance Company, said: The company achieved good results in the first half of 2022 despite the increased intensity of price competition, in addition to the conditions that came with the Corona pandemic, which led to a decrease in income from the Property owned by the company.
Written premiums amounted to 462 million dirhams until the end of the first half of 2022, compared to 447 million dirhams until the end of the first half of last year.
The profit from insurance activities amounted to 22.6 million dirhams until the end of the first half of 2022, compared to 20.8 million dirhams in the same period last year.
Sheikh Khalid bin Abdullah added: “The company is keen to develop its competitive capabilities and strengthen controls for risk management in accordance with the principles and practices of governance, and is keen to protect the rights of both its shareholders and customers. The company follows a selective policy in its insurance and investment business and works to develop new products and services to keep pace with the growing aspirations and demands of customers at all levels.

DF

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