Oman Insurance Company (OIC) technical profits grew 36 per cent to Dh179 million at the end of first half of 2009, said a company's press statement yesterday.
Total net profit were Dh142m in the first half of this year.
It said revenues grew 16 per cent during the period.
"The company's strategy focuses on the technical business, to develop the insurance portfolio that allows the company to improve its underwriting standards while maintaining its leading position.
The gross written premium for the half year ended June 30 2009 grew to Dh1.36 billion as against the previous year of Dh1.17bn.
Abdul Muttalib Mustafa, Chief Executive Officer, Oman Insurance Company, said: "The results reinforce the company's position as the undisputed leader in the UAE's insurance market."
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