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    OMAN UNITED INSURANCE

     Unaudited financials for 1st Half 2014

    Jul 13, 2014 09:46 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 six months period ended 30th June 2014, as following:

     

               Values in (RO)

    Particulars

     

    30th June 2014

     

    30th June 2013

     

    Change%

    Gross   Written Premium

    24,265,230

    24,357,897

    -0.4

    Gross   Underwriting Results

    2,944,618

    1,959,864

    +50.2

    Investment   and Other Income (Realized)

    1,835,401

    1,810,728

    +1.4

    Unrealized Investment Profit /   (Losses)

    (198,683)

    626,676

    -131.7

    Net Investment Income

    1,636,718

    2,437,404

    -32.8

    Management Expenses

    (1,594,020)

    (1,536,546)

    +3.7

    Net   Profit for the period (after income tax)

    2,712,863

    2,682,246

    +1.1

    Other   comprehensive Income:

     

     

     

    Available   for sale investments fair value gain

    342,360

    535,998

    -36.1

    Total   comprehensive income for the period

    3,055,223

    3,218,244

    -5.1

    Earnings   per Share (EPS)

    0.027

    0.027

    -

    Net   Asset Value per share

    0.254

    0.237

    +7.2

     

    Note:

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

     

    Nassir Bin Salim Al Busaidi

    Managing Director/ Spokes Person

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