Abu Dhabi-Mubasher: Al Buhaira National Insurance Co. reported a 23.7% rise in its quarterly profits, according to a bourse statement.
Profits stood at AED 19.29 million ($5.25 million) in Q1-16, compared to AED 15.6 million ($4.25 million) in Q1-15.
Premium income stood at AED 177.03 million ($48.2 million) in Q1-16, a growth of 37.3% from AED 128.92 million ($35.1 million) in Q1-15.
Investment income grew 22.2% to AED 14.23 million ($3.87 million), while finance cost went up 6.4% to AED 3.81 million ($1.04 million).
