Dubai – Mubasher: Orient Insurance Company saw a rise in its profits by 24.8% year-on-year during the third quarter of 2016, according to a bourse filing.
Profits stood at AED 62.68 million ($17.06 million) in Q3-16, compared to AED 50.21 million in Q3-15.
The company reported a 39.1% year-on-year rise in its premium revenues to reach AED 631.88 million in Q3-16.
In the first nine months of 2016, profits grew 9.9% to AED 262.09 million from AED 238.58 million in the same period of 2015.
