(MENAFN) Bahrain-headquartered Trust Re posted a profit of around USD15.4 million for the previous year, marking thus a 14.4 percent decrease year-on-year, Saudi Gazette reported.
Additionally, the group recorded a gross written premium of USD452.6 million for 2014, marking a sturdy increase of about 13.7 percent against the USD398.0 million of 2013.
The group's overall investments profit rose to USD14.1 million in 2014, compared to USD7.4 million a year before. Aggregate shareholders' equity increased to USDS385.2 million.
"This is a solid set of results in challenging market conditions. The Trust Re team adhered to disciplined underwriting without neglecting to add value to our customers." the CEO of Trust Re said.
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