Takaful Emarat delivers 42% profit growth

This was due to an expansion in the medical and life lines of business, prudent underwriting, and cost efficiency through strict control of general and administrative expenses.

By Staff Report

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Published: Mon 22 Feb 2016, 11:00 PM

Last updated: Tue 23 Feb 2016, 8:14 AM

Dubai: Takaful Emarat has announced that its net profits for the year ended December 31, 2015, were up by 42 per cent to Dh10.21 million for 2015, compared to Dh7.18 million in 2014.
This was due to an expansion in the medical and life lines of business, prudent underwriting, and cost efficiency through strict control of general and administrative expenses. As a result, 2015 was a year of accelerating growth for Takaful Emarat outperforming publicly listed insurance companies, which incurred a combined loss of Dh107 million in 2015, according to market reports.
Net operating profits were up 213 per cent for 2015 to Dh42.08 million, compared to Dh13.44 million in 2014, due to significant growth in gross contributions written.
business@khaleejtimes.com



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