The company "Takaful Al Emarat" announced its financial results for the first half of the current year. According to this report, the company's net profit decreased by 13.9% compared to the same period last year, amounting to 7.5 million dirhams.
At the same time, premium collection in the insurance sector for that same period increased by 3.2% to 81.4 million dirhams. The combined ratio of the company improved to 91% from 95% for the same period last year.
The company noted that this decline in profit was associated with factors including increased expenses for compensation losses, changes in the regulations of transport insurance, and other factors. Management continues to pay special attention to effectively managing expenses and improving the operational efficiency of the company.
"We continue to work on enhancing financial indicators and the quality of services for our clients," - noted a representative of the company.
