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      OMAN UNITED INSURANCE

       preliminary summarized un-audited results 3rd Qtr 2014

      Oct 12, 2014 09:09 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 nine months period ended 30th September 2014, as following:

       

                 Values in (RO)

      Particulars

       

      30th September 2014

       

      30th  September  2013

       

      Change%

      Gross   Written Premium

      34,698,277

      33,755,766

      +2.8

      Gross   Underwriting Results

      3,793,720

      2,619,339

      +44.8

      Investment   and Other Income (Realized)

      2,878,621

      2,855,030

      +0.8

      Unrealized Investment Profit

      431,837

      1,080,817

      -60.0

      Net Investment Income

      3,310,458

      3,935,847

      -15.9

      Management Expenses

      (2,352,937)

      (2,273,683)

      +3.5

      Net   Profit for the period (after income tax)

      4,383,137

      3,963,503

      +10.6

      Other   comprehensive Income:

       

       

       

      Available   for sale investments fair value gain

      924,692

      313,856

      +194.6

      Total   comprehensive income for the period

      5,307,829

      4,277,359

      +24.1

      Earnings   per Share (EPS)

      0.044

      0.040

      +10.6

      Net   Asset Value per share

      0.277

      0.248

      +11.7

       

      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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