Arab Orient Insurance Company PSC announced earnings results for the full year of 2011. For the year, the company has recorded a net profit of AED 204 million for the year 2011. The company has recorded high net profit achieved by an insurer for the second year in a row in the UAE market. Gross Written Premiums increased to AED 1.27 billion in 2011 from AED 1.13 billion in 2010. The company announced that its overseas expansion plans are continuing. The company looking into markets like Libya, Qatar, Bahrain and Saudi Arabia. It will be able to conclude at least 2 of these new territories in 2012.