Dubai National Insurance and Reinsurance Company has achieved a decline in net profits during the nine months until the end of September 2022, by 28% to 31. 2 million dirhams, compared to 43. 6 million dirhams in the corresponding period of 2021.
According to a report from the Dubai Financial Market, the total amount of insurance premiums paid in the first nine months of this year was 321 million dirhams as opposed to 244 million dirhams.
The business reported a net profit of 56.4 million dirhams in its financial results for the year ending December 31, 2021, in a report it released for shareholders last February.
In comparison to the same period in 2020, when the company’s net subscription revenue was 53.6 million dirhams, it increased by 4.5% to 56.0 million dirhams.
The total assets increased by 15. 6%, recording 1. 07 billion dirhams on December 31, 2021, compared to 930. 9 million on December 31, 2020.
When compared to December 31, 2020, when the financial value of shareholders was 506.9 million dirhams, it increased by 34% to 679.3 million dirhams on December 31, 2021.
9-month profit of 31.2 million dirhams for Dubai National Insurance
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