At the same time, rate increases helped boost both gross written and net
earned premiums.
The group achieved net
earned premiums in the second quarter of BD4.29m, compared with BD4.08m in the second quarter of last year, an increase of 5pc.
Jubilee Holdings has failed to grow its profit for the first time in 12 years, slowed by a decline in
earned premiums as expenses shot up in the financial year ended December 2018.Net profits fell marginally by 1.3 percent to S.
The increase for both periods was driven by growth in
earned premiums and service and administrative fees, partially offset by reduced other income and unrealized losses on investments.
In the first nine months of 2017,
earned premiums grew 3.6% to $404.9 billion, while loss and loss adjustment expenses (LLAE) rose 11.3% to $311.6 billion.
Net
earned premiums and total revenues were higher than any other quarter in its history.
Interest-adjusted benefit ratio for the quarter rose to 79.6 percent on $119 million in
earned premiums, from 77.8 percent on $124 million in
earned premiums for the fourth quarter of 2014.
* This report provides you with a breakdown of market data including data on gross written premiums, net
earned premiums, number of active policies, insurance density and insurance penetration
Net
earned premiums were also 10 per cent higher, reaching Dh60.06 million in the first nine months of 2015.
This databook provides data on gross written premiums,
earned premiums, number of active policies, number of schemes offered, penetration percentage, gross claims, paid claims, change in outstanding reserves, incurred loss and loss ratio percentage.
This databook provides data gross written premiums,
earned premiums, number of active policies, number of schemes offered, insurance penetration percentage, gross claims, paid claims, change in outstanding reserves, incurred loss, loss ratio percentage and density and penetration.
