Profits continue to rise for national insurers in the United Arab Emirates

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<title>Profits continue to rise for national insurers in the United Arab Emirates</title>
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<name type="personal" usage="primary" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20190002387">
<namePart>Siddiqui, Salman</namePart>
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<namePart>Mistry, Mahesh</namePart>
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<dateIssued>2019</dateIssued>
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<abstract displayLabel="Summary">The insurance of the United Arab Emirates (UAE) continued its earnings momentum in 2018 to post a second consecutive year of bumper profits. AM Best's analysis of the preliminary disclosures of the national insurers listed on the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) has shown material improvements in overall performance, combined with modest premium growth.
In 2018, aggregate underwriting profits for UAE-listed insurers experienced a marginal decline of 1.7% to reach AED 1.7 billion. However, net profits showed a strong increase of 6.4% to AED 1.4 billion</abstract>
<note type="statement of responsibility">Salman Siddiqui, Mahesh Mistry</note>
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<geographic>Emiratos Árabes Unidos</geographic>
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