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Oman Re's premiums up nearly 33%

Posted On: Feb. 15, 2023 9:44 AM CST


Oman Reinsurance Co. SAOC's gross written premiums increased 32.5% year-on-year to 36.6 million Omani rial ($94.8 million) in 2022, Middle East Insurance Review reported. The reinsurer's profit after tax increased 20% year-on-year to OMR1.6 million due to higher gross written premiums, investment performance, a significant increase in underwriting results and improvements in the reinsurance market.