UAE: Orient Insurance's net profit climbs by 15% to $199m

Source: Middle East Insurance Review | Apr 2025

Orient Insurance, the leading UAE insurance provider and a subsidiary of the conglomerate Al-Futtaim, has announced that its net profit after tax increased by 15% to AED731m ($199m) in 2024, up from AED636m in 2023, according to the company’s preliminary financial results for the year ended 31 December 2024.

Orient Insurance president Omer Elamin said, “Orient Insurance’s consistent performance across 2024 underscores our commitment to sustainable, long-term value creation for our shareholders, partners and customers. Despite external pressures, including severe weather events and market fluctuations, our prudent risk management and operational efficiency allowed us to maintain our growth momentum while upholding the highest standards of customer service. We are confident in the strong adaptability of our business model as we expand into new areas of opportunity and strengthen our market leadership.” M

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