OUIC
In compliance with Article (3) of Disclosure Rules issued by CMA, the management of Oman United Insurance Company SAOG is pleased to disclose the preliminary summarized un-audited results for the six months period ended 30th June 2015, as following:
Values in (RO)
| Particulars |
30th June 2015 |
30th June 2014 |
Change% |
| Gross Written Premium |
22,400,955 |
24,265,230 |
-7.7 |
| Gross Underwriting Results |
2,960,965 |
2,944,618 |
+0.6 |
| Investment and Other Income (Realized) |
2,377,692 |
1,835,401 |
+29.5 |
| Unrealized Investment (loss)/ income |
(176,854) |
(198,683) |
-11.0 |
| Net Investment Income |
2,200,838 |
1,636,718 |
+34.5 |
| Management Expenses |
1,700,032 |
1,594,020 |
+6.7 |
| Profit for the period (before income tax) |
3,461,771 |
2,987,316 |
+15.9 |
| Provision for income tax |
267,914 |
274,453 |
-2.4 |
| Net Profit for the period (after income tax) |
3,193,857 |
2,712,863 |
+17.7 |
| Earnings per Share (EPS) |
0.032 |
0.027 |
+17.7 |
| Net Asset Value per share |
0.265 |
0.254 |
+4.3 |
Note:
- The above results are preliminary and subject to Statutory Auditor’s review and approval of both Audit Committee and Board of Directors.
Nassir Bin Salim Al Busaidi
Managing Director/ Spokes Person
