Arab Orient Insurance Company

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Financial Results

 Major Indicators (2010-2012) 

argaiv1618

 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

Net Change in Outstanding Claims reserves

1,634,596 810,665
1,681,837

Net Change in Unearned Premiums reserve

4,715,481 2,337,001
4,423,014

Administrative Expenses

5,360,942 6,804,176
7,923,946

Investment Revenue

956,856 800,395
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

 

 Major Indicators (2013-2015)

 Indicators 
31.12.2014
31.12.2015
31.12.2016

Gross premium

   94,949,636    102,671,190

110.205.059

Gross paid Claims

   70,717,236    71,758,998

86.624.780

Net paid Claims

   34,926,312    31,394,934

35.502.606

Net change in outstanding Claims Reserve

   3,519,497    3,764,357

774.077

Net change in unearned premium Reserve

   2,078,469    358,994

2.151.516

General and Administration expenses  

   9,773,616    12,557,028

11.294.375

Investment Revenue 

   2,250,907    917,949

1,578,795

Major Ratios:



Technical Loss ratio

   84.48%      75.72%

93.72%

Administration expense ratio

   10.29%    12.23%

10.25%

Net Profit (after tax)

  5,027,365      4,375,946

1,204,560

 

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