UAE takaful insurer's profit rises 37% in first quarter

Posted On: May. 15, 2019 6:00 AM CST

U.A.E.-based Abu Dhabi National Takaful Co. P.S.C.'s net profit increased 37% year-over-year to 36.7 million United Arab Emirates dirhams ($10 million) in the first quarter of 2019, Middle East Insurance Review reports. Underwriting profit grew 21% to AED 28.4 million, while shareholders' profit rose 15.6% to AED 26.7 million.