Abu Dhabi-Mubasher: Abu Dhabi-listed Insurance House turned profitable in the first quarter of 2016, according to a bourse statement.
The company generated profits of AED 307,500 ($83,700) in Q1-16, against losses of AED 3.03 million ($825,000) in the same quarter of 2015.
Gross premiums written (GPW) rose 33.1% to AED 46.46 million ($12.65 million) during the period, compared to AED 34.91 million ($9.50 million).
