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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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