Arab Orient Insurance Company

Quote & Buy online

Plate Number
Engine Number
Banner

Banner

Banner

Financial Results

 Major Indicators (2010-2012) 

argaiv1499

 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 
31.12.2013
31.12.2014 
31.12.2015

Gross premium

86,019,536 94,949,636

102,671,190

Gross paid Claims

61,633,012
70,717,236

71,758,998

Net paid Claims

34,938,676
34,926,312

31,394,934

Net change in outstanding Claims Reserve

1,876,534 3,519,497

3,764,357

Net change in unearned premium Reserve

1,655,440
2,078,469

358,994

General and Administration expenses  

8,789,715
9,773,616

12,557,028

Investment Revenue 

1,741,161 2,250,907

917,949

Major Ratios:



Technical Loss ratio

91% 84.48%

75.72%

Administration expense ratio

12.35% 10.29%

12.23%

Net Profit (after tax)

4,108,476
5,027,365

4,375,946

 

Banner