The Group announced net earnings of 21.12 million for the first 6 months of the year, an increase of 74.5% compared to $12.10m for the same period in 2012.
Commenting on the results, Mr. Wasef Jabsheh, Vice Chairman and Chief Executive Officer of IGIH, said, “Again, we have been able to achieve record profits and exemplary financial ratios as compared with our peers in the international market. These results are testament to our rigorous underwriting philosophy and prudent risk selection.”
“Our underwriting teams have and will continue to always focus on achieving bottom-line results as opposed to top-line growth; the Group’s 1st half results are clear evidence of the success of said policy,” he added.
The Board of Directors of IGIH has declared at its meeting of today interim dividends of $5.735m for the 1st half year ended 30th June, 2013.
Monday, July 29- 2013 @ 13:24 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.