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.