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Arab Orient Insurance Company

Online Services

Financial Results

Major Indicators (2007-2009) 

argaiv1899

 Indicators
   31.12.2007 
   31.12.2008 
   31.12.2009 

Gross premium

25,824,460

32,221,120

44,588,661

Gross paid Claims

14,044,665

16,086,098

26,972,853

Net paid Claims

8,721,254

8,588,375

12,874,493

Change of outstanding Claims

322,390

935,818

1,184,514

Change of unearned premium reserve

693,462

1,197,191

1,549,202

Administration expenses

3,111,163

3,633,895

4,770,994

Investment Revenue

891,142

1,086,432

872,712

Major Ratios:

 

 

 

Technical Loss ratio

65.02%

58,42%

36.83%

Administration expense ratio

20.69%

19.80%

19.23%

Net Profit

1,948,419

2,000,619

2,265,073

 

Major Indicators (2010-2012)

 Indicators 
    31.12.2010 
    31.12.2011 
   31.12.2012

Gross premium

53,267,129

66,102,873

77,585,752

Gross paid Claims

33,504,925

47,036,723

56,461,932

Net paid Claims

16,411,476

21,415,828

28,803,116

Change of outstanding Claims

1,634,596

810,665

1,681,837

Change of unearned premium reserve

4,715,481

2,337,001

4,423,014

Administration expenses

5,360,942

6,804,176

7,923,946

Investment Revenue

956,859

800,395

1,119,960

Major Ratios:

 

 

 

Technical Loss ratio

86.67%

82.77%

91.47%

Administration expense ratio

12.33%

15.62%

12.21%

Net Profit

3,053,597

3,157,410

3,344,340