Arab Orient Insurance Company

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Financial Results

Result of Operations (2003-2006)
Major Indicators
31.12.2003 
31.12.2004 
31.12.2005 
31.12.2006 
Gross premium 11,128,137 12,447,517 18,229,371 22,136,638
Gross paid losses 6,289,418 8,954,273 10,996,888 11,903,315
Net paid losses 4,209,091 6,543,500 7,146,357 7,296,323
Change of outstanding losses 553,461 96,429 695,167 331,174
Change of unearned premium reserve 1,922,411 -102,428 559,079 619,343
Administration expenses 1,087,279 1,414,764 1,968,565 2,465,795
Investment Revenue 183,600 777,368 679,306 601,051
Major Ratios:
Technical Loss ratio 77.38% 69.12% 67.01% 63.88%
Administration expense ratio 12.59% 14.96% 15.70% 19.10%
Net Profit 450,376 1,440,497 2,009,271 1,878,259
Result of Operations (2007-2009)
Major Indicators 
31.12.2007
31.12.2008
31.12.2009
Gross premium 25,824,460 32,221,120 44,588,661
Gross paid losses 14,044,665 16,086,098 26,972,853
Net paid losses 8,721,254 8,588,375 12,874,493
Change of outstanding losses 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
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