Abu Dhabi – Mubasher: The net profits of Insurance House (IH) declined to AED 7.831 million during the first nine months of 2021, compared to AED 8.123 million in the year-ago period, as shown by the company's interim financials for the nine-month period ended 30 September 2021.
The company's net underwriting income amounted to AED 33.816 million in the January-September period of 2021, down from AED 35.876 million in the same period of 2020.
Meanwhile, the company's net earned premiums decreased to AED 101.26 million in the first nine months of 2021 from AED 114.462 million in the corresponding period of the earlier year.
The basic and diluted earnings per share (EPS) stood at AED 0.07 in the first nine months of 2021.
During the third quarter (Q3) of 2021, the company's net profits increased to AED 1.733 million from AED 1.601 million in the same quarter of the earlier year.
