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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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