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FINANCIAL NEWS
A rise in Al Ahlia Insurance net profit
14 Aug 2013
(MENAFN) Bahrain’s Al Ahlia Insurance net profit reached USD5.68 million in the first half of 2013 compared to USD844,035 in the first half of 2012, according to Gulf Daily News.
USD6.13 million was the net earned premiums of the company compared to USD5.83 million in the same period in 2012, while the gross premiums reached USD19.6 million compared to USD50.6 million in the first half of 2012.
Fadi Khatib, Al Ahlia’s general manager, said: “Because of our freshly introduced prudent underwriting practices, we aim to achieve better operational results as well as have a healthy growth of business in the forthcoming periods.”
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