Profits at Sharjah Insurance Company inched up 3.3 per cent to Dh5.35 million in 2013 compared to Dh5.18 million in the previous year.
The company said in a statement to Abu Dhabi Stock Exchange that its net operating loss narrowed to Dh5.78 million last year from Dh23.13 million in 2012.
Its total assets increased 22.9 per cent to Dh482 million in 2013 from Dh392 million in FY2012; shareholders’ equity increased by 53.49 per cent to Dh305 million.
Gross premiums dropped 9.47 per cent to Dh86 million for the financial year ended on December 31, 2013.
The company’s board of directors has called for ordinary general body meeting on Saturday, April 26, 2014 and also proposed 10 per cent cash dividend.