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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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