Arab Orient Takaful Reports Premiums Written Of EGP 78.9 Mln In H1 FY 2012/2013

The Arab Orient Takaful Insurance Company achieved premiums written of EGP 78.874 million in the first half of FY 2012/2013, compared to EGP 49.378 million in the first half of the last fiscal year, said Mohamed Akef, deputy executive director of financial and administrative affairs of the company.

Shareholders’ net income reached EGP 1.764 million at the end of 2012, compared to EGP 798,211 at the end of the compared period, he added.

He revealed that the total income reached EGP 6.771 million at the end of last year, compared to EGP 4.438 million at the end of the compared period. The insurance activity surplus reached EGP 5.006 million in the first half of the current fiscal year, compared to EGP 1.222 million at the end of the first half of the last fiscal year.

The total value of technical provisions reached EGP 73.892 million at the end of first half of last year, compared to EGP 64.698 million at the end of the first half of 2011. The value of the company’s investments reached EGP 146.117 million at the end of 2012, compared to EGP 125.396 million at the end of 2011.