Insurance House profit doubles

dubai — Abu Dhabi-listed Insurance House (IH) registered a net profit of Dh8.39 million during the first nine months of the year, which is more than double its net profit of Dh3.86 million registered in the corresponding period of 2017.

Gross premiums written during the first nine months of 2018 weighed in at Dh165.13 million, compared to Dh180.62 million logged during the same period of the previous year. On the other hand, net claims incurred during this period registered a drop of 22.4 per cent to Dh63 million compared to Dh81.17 million during the same period in the previous year.