BNH posts net profit of $4.4m for H1
Manama, August 2, 2011
Bahrain National Holding Company (BNH) yesterday posted a net profit of BD1.7 million ($4.4 million) for the first half of the year.
BNH is the parent company of Bahrain National Insurance and Bahrain National Life Assurance.
Total gross premiums for the period registered BD11.3 million while net earned premiums reached BD6.5 million. Underwriting profit was BD900,000 and net investment income was BD1.5 million.
"We are very pleased with the steady growth of our profit and businesses for the quarter," said chief executive Mahmood Al Soufi.
"It reflects our sound investment strategies and prudent underwriting approach which are aimed towards benefiting the interest of our clients and stakeholders," he added. – TradeArabia News Service