Abu Dhabi – Mubasher: Emirates Insurance Co. (EIC) has reported a net profit growth by 19.76% to AED 103 million during FY14 against AED 86 million in FY13.

In its filing to the Abu Dhabi Securities Exchange (ADX), EIC reported a decline in net profit from insurance premiums by 16.39% to AED 51 million against AED 61 million the year before.

EIC had reported a net profit surge by 63.5% during the first nine months of 2014 to AED 101.44 million.

EIC’s capital amounts to AED 135 million divided on 135 million shares at par value AED 1 per share.