18.03.2013 - Amăna Takaful returns to profit
Composite Insurer Amăna Takaful PLC reported a profit of Rs. 49.7m as per the unaudited accounts for 2012 with an impressive growth of 22.4% in Gross Written Premium, well above the industry’s 10.6%.The company’s performance in terms of total Gross Written Premium (GWP) of Rs. 1,553.8m for 2012 compares with Rs.1, 269.1m of 2011. In this performance, the General Insurance business accounted for Rs. 1,193.9m, growing significantly at 23.7% over 2011. The Life segment’s Gross Written Premium of Rs. 359.9m, reflects a growth of 18.5% in the same comparison. These results reflect a substantial upside against the industry performance of 14.6% and 5.5% on General and Life businesses respectively. (Source IASL)..............................................Full Article: Source
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