Gross written premiums for Dhofar Insurance Company (Dhofar Insurance) reached OMR91m ($236.5m) in 2024 compared with OMR73.95m in the previous year, a 23% jump according to the company's preliminary results lodged with the Muscat Stock Exchange.
Insurance revenue for the same period grew by 20% to OMR84m from OMR70.3m. Insurance service results stood at OMR2.6m in 2024 up by 86% from 2023 while net investment income dipped by 58% to OMR3.3m from OMR7.7m. Profit after tax dropped by 30% reaching OMR4.3m in 2024 from OMR6.1m in the past year.