Orient Insurance, the UAE market leader in terms of insurance revenue and profits, has announced a net profit after tax of AED312.6m ($85.1m) for the first three months of this year, 4.1% higher compared to AED300.3m for the corresponding period in 2024.
Orient Insurance highlighted robust growth across other key financial indicators as well, according to a statement posted on the website of Al-Futtaim, a conglomerate of which Orient is a subsidiary.
The key indicators in the first quarter of this year show:
-
Insurance Revenue: AED2.15bn, up by 20.2% from AED1.79bn in 1Q2024
Net Profit After Tax: AED312.6m, representing a 4.1% increase from AED300.3 m in 1Q2024
Total Equity: AED5.59bn as of 31 March 2025, a 7.4% increase from AED5.21bn at the end of 2024.
Total Assets: AED16.39bn as of 31 March 2025, up by 4.6% from AED15.67bn at the end of 2024.
Orient Group president Omer Elamin said, “Orient Insurance has delivered a strong start to 2025, demonstrating our resilience and strategic focus.
“Our solid earnings provide us with the financial flexibility to reinvest in strategic initiatives and further strengthen our market position. Orient Insurance is well-positioned to capitalise on emerging opportunities and continue to lead in the insurance sector.”
Moving forward, Orient Insurance remains committed to innovation and customer-centricity. The company is actively pursuing new technologies and approaches to enhance customer experience, streamline operations, and create long-term value for its stakeholders. This focus allows Orient Insurance to continue exceeding expectations and to provide unparalleled insurance services.