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    OMAN UNITED INSURANCE

     Preliminary summarized un-audited results for the three months period ended 31st March 2016

    Apr 14, 2016 03:35 PM

    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 2016, as following:

     

               Values in (RO)

    Particulars

     

    31st  March 2016

     

    31st   March  2015

     

    Change%

    Gross Written Premium

    12,176,680

    12,306,363

    -1.1

    Gross Underwriting Results

    1,877,851

    1,523,206

    +23.3

    Investment and Other Income (Realized)

    1,303,061

    1,048,013

    +24.3

    Unrealized Investment (loss)/ income

    315,344

    (504,675)

    +162.5

    Net Investment Income

    1,618,405

    543,338

    +197.9

    Management Expenses

    (937,224)

    (868,413)

    +7.9

     Profit for the period (before income tax)

    2,559,032

    1,198,131

    +113.6

    Provision for income tax

    (228,796)

    (144,306)

    +58.5

    Net Profit for the period (after income tax)

    2,330,236

    1,053,825

    +121.1

    Other comprehensive (Loss)Income  :

     

     

     

    Available for sale investments fair value (loss) /gain

    (360,189)

    (165,273)

    +117.9

    Total comprehensive income for the period

    1,970,047

    888,552

    +121.7

    Earnings per Share (EPS)

    0.023

    0.011

    +121.1

    Net Asset Value per share

    0.261

    0.248

    +5.2

     

    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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