Insurance House PSC Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2018
Insurance House PSC reported unaudited earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported gross premium of AED 78,352,158 compared to AED 83,005,492 a year ago. Net premiums of AED 52,852,005 compared to AED 69,908,884 a year ago. Net premium earned of AED 36,294,771 compared to AED 42,066,884 a year ago. Gross income of AED 14,819,795 compared to AED 11,331,044 a year ago. Net profit for the year of AED 3,860,809 compared to AED 1,896,549 a year ago. Basic and diluted earnings per share of AED 0.03 per share compared to AED 0.0160 per share a year ago. Net cash flow from operating activities of AED 10,523,977 compared to AED 15,617,178 a year ago. Payments for purchases of property and equipment of AED 300,485 compared to AED 342,084 a year ago.