Orient Insurance reports profit of Dh218.6m

Figure marks increase from Dh211.6m during same 9 months last year

29/10/2014 18:44 AST

Orient Insurance Company reported on Wednesday a profit of Dh218.6 million during the first nine months of this year — up from Dh211.6 million during the same period last year.

Meanwhile, profit for the third quarter of this year reached Dh48.5 million, marking a slight rise from the Dh48.4 million in the same quarter last year.

Total assets at the end of September 2014 stood at Dh4.21 billion — up from Dh3.25 billion in the same time last year.


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A.M. Best Europe - Rating Services Limited has affirmed the financial strength rating of B++ (Good) and issuer credit rating of "bbb+" of Arab Orient Insurance Company (GIG | AOIC) (Jordan).

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A.M. Best affirms ratings of Arab Orient Insurance Company

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The Arab Orient Insurance Company, a subsidiary of the Kuwait-based Gulf Insurance Company (GIC), posted JD4m ($5.642m) in profits before the deduction of taxes for the year ended December 31, 2010,

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