BNH reports $4.4m half-yearly net profit

Mahmood Al Soufi
Bahrain National Holding Company (BNH – the parent company of Bahrain National Insurance, bni and Bahrain National Life Assurance, bnl) has announced its half year financial results for 2011, reporting a net profit of $ 4.4 million.

Total gross premiums for the period registered $30 million while net earned premiums reached $17.1 million. Underwriting profits registered $ 2.4 million and net investment income was $ 3.9 million.

“We are very pleased with the steady growth of our profits and businesses for the quarter; it reflects our sound investment strategies and prudent underwriting approach which are aimed towards benefiting the interest of our clients and stakeholders,” Mahmood Al Soufi, Chief Executive of BNH, said.

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