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Al Ahlia Insurance net profit hits USD1.8m in Q2

13 Aug 2014

(MENAFN) Al Ahlia Insurance posted a net profit of USD1.8 million in the April-June period, down from USD5.68 million posted in the same period last year, Gulf Daily News reported.

The Bahraini firm’s profits from insurance operations also decreased in the second quarter, reaching USD464.49 thousand compared to USD1.15 million in the same period in 2013.

Their net earned premiums increased 15 percent, hitting USD7.06 million in comparison with USD6.13 million in 2013, while the gross premiums decreased from USD19.56 million last year to USD14.49 million this year.

The second quarter posted an increase in the firm”s revenue in investments, reaching USD41.80 million compared to USD40.13 million in the corresponding period in 2013.

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