The total premiums of insurance companies listed in local financial markets in the first half of 2022 increased by 7.64 percent year-on-year, equivalent to US$302 million (AED1.11 billion), while their net profits totaled $222 million (AED817.8 million).
According to the disclosure reports of 28 national insurance companies, the total value of premiums increased from $3.9 billion (AED14.563 billion) in the first half of 2021 to $4.2 billion (AED15.676 billion) in the first half of 2022.
Some 13 companies listed in the Dubai Financial Market accounted for 56.1 percent of the total premiums of insurance companies, valued at $2.3 billion (AED8.8 billion), while 15 companies listed on the Abu Dhabi Securities Exchange (ADX) accounted for 43.9 percent or $1.8 billion (AED6.9 billion).
The assets of national listed insurance companies also increased to $17.6 billion (AED64.769 billion) at the end of June 2022, compared to $16.8 billion (AED61.839 billion) at the end of December 2021, a rise of 4.7 percent or $797 million (AED2.93 billion) in the first half of 2022.
The 13 companies listed in the Dubai Financial Market accounted for 56.4 percent of total assets at $9.9 billion (AED36.5 billion), while the 15 companies listed in the ADX accounted for 43.6 percent or $7.6 billion (AED28.26 billion).