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    OMAN UNITED INSURANCE

     preliminary summarized un-audited results 1st Qtr 2014

    Apr 17, 2014 10:31 AM

    In compliance with Article (3) of Disclosure Rules issued by CMA, the management of Oman United Insurance Company SAOG is pleased to disclose the preliminary summarized un-audited results for the three months period ended 31st March 2014, as following:

     

               Values in (RO)

    Particulars

     

    31st March 2014

     

    31st  March  2013

     

    Change%

    Gross   Written Premium

    12,146,865

    13,234,529

    -8.2

    Gross   Underwriting Results

    1,679,561

    1,135,239

    +47.9

    Investment   and Other Income (Realized)

    1,191,241

    1,183,441

    +0.7

    Unrealized Investment Profit /   (Losses)

    (152,199)

    226,775

    -167.1

    Net Investment Income

    1,039,042

    1,410,216

    -26.3

    Management Expenses

    (815,451)

    (780,973)

    +4.4

    Net   Profit for the period (after income tax)

    1,721,152

    1,660,832

    +3.6

    Other   comprehensive Income:

     

     

     

    Available   for sale investments fair value gain

    401,907

    198,957

    +102.0

    Total   comprehensive income for the period

    2,123,059

    1,859,789

    +14.1

    Earnings   per Share (EPS)

    0.017

    0.017

    -

    Net   Asset Value per share

    0.245

    0.224

    +9.4

     

    Note:

    • The above results      are preliminary and subject to Statutory Auditor’s review and approval of      Audit Committee and Board of Directors.

     

    Nassir Bin Salim Al Busaidi

    Managing Director/ Spokes Person

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