UAE: Listed insurers post combined pre-tax profits of US$544m for the first 3 quarters of 2024

Published on November 1, 2024
Listed insurers' combined profit before tax increased by 8% to AED2.0bn ($544m) in the first nine months of the year, compared to AED1.8bn in the first three quarters of 2023.
Continue reading on website
Other news

Ryan Specialty reports organic revenue growth of 11.8% in Q3’24

November 1, 2024
International specialty insurance firm Ryan Specialty Holdings, Inc. has reported revenue growth of 20.5% year-over-year to $604.7 million in the third quarter of 2024, compared to $501.9 million in the prior-year period, while net income spiked 82.4% year-over-year to $28.6 million.The organic growth rate for the quarter was 11.8% for the quarter, down from 15.0% in Q3 2024.Ryan Specialty attribu

GCC: Solidarity Bahrain acquires 29% stake in UAE insurer

November 1, 2024
Solidarity Bahrain, a subsidiary of Solidarity Group Holding, has announced that it has acquired a stake of 28.985% in Alliance Insurance, an insurer based in Dubai and listed on the Dubai Financial