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Bahrain's Arig profit rises 6 percent in 2013  Join our daily free Newsletter

MENAFN - 13/02/2014

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(MENAFN) Net profit of the Bahrain-based Arig Group has boosted by 6 percent in 2013 to reach USD18.6 million compared to USD17 million in 2012, according to Gulf Daily News.

Arig contributed USD23 million profits, while Takaful Re registered a USD4.4 million loss.

The group's net profit was estimated at USD6 million in the fourth quarter of 2013 compared to USD8.6 in the same quarter of 2012.

Underwriting returns of reinsurance operations in the kingdom reached USD13.4 million 2013, with Arig contributing USD18.7 million.

 






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