ORIENT Insurance PJSC

Logotype for ORIENT Insurance PJSC
Ticker/ISIN
ORIENT
AEA002601010
Market/Country
Dubai Financial Market
United Arab Emirates

About ORIENT Insurance PJSC

Country of Origin: United Arab Emirates (U.A.E)

Orient Insurance Company (PJSC) (the “Company”) is a Public Joint Stock Company and is registered under the Federal Decree-Law No. Law No. (32) of 2021 On Commercial Companies and also registered in accordance with UAE Federal Law No. 6 of 2007 on Organizing the Insurance Operations, as amended (“The Insurance Companies Law”). The Company mainly issues short team insurance contracts in connection with property, motor, marine, fire and engineering, general accident risks and medical (collectively known as general insurance) and group life and individual life classes (collectively referred as life insurance). The Company also invests its funds in investment securities and properties.

Latest Pressrelease Summaries from ORIENT Insurance PJSC

The document is a review report and interim condensed consolidated financial statements for Orient Insurance PJSC and its subsidiaries, dated September 30, 2024. The financial statements are unaudited.
Orient Insurance PJSC and its subsidiaries have released their review report and interim condensed consolidated financial statements for the period ending 30 June 2024. The statements are unaudited.
The text refers to the audited consolidated financial statements of Orient Insurance PJSC and its subsidiaries as of 31 December 2023.
Orient Insurance Company, part of the Al-Futtaim Group, reported a 23% increase in net profits for the financial year ending 31/12/2023, reaching AED 636 million compared to AED 519 million in 2022. The company also saw a 28.4% increase in insurance revenue, reaching AED 6.4 billion, and an 11.5% increase in shareholders' equity, reaching AED 4.3 billion. The company's assets grew by 18.3% to AED 11.9 billion, and cash and investments increased by 20% to AED 8 billion. This growth was supported by the company's credit rating upgrade to A+ by S&P, the highest for an insurance company in the Middle East, and its maintenance of an A+ rating by A.M. Best.
The text is a review report and interim condensed consolidated financial statements of Orient Insurance PJSC and its subsidiaries as of 30 September 2023. The document is unaudited.

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Dubai Financial Market News

Dubai Financial Market News

News Update From ORIENT Insurance PJSC

Dubai Financial Market News

Dubai Financial Market News

News Update From ORIENT Insurance PJSC

Disclosure: BOD meeting

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From ORIENT Insurance PJSC

Disclosure: BOD meeting

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From ORIENT Insurance PJSC

Disclosure: Results of BOD Meeting

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From ORIENT Insurance PJSC

Disclosure: Financial statements for the 3rd QTR of 2024

The document is a review report and interim condensed consolidated financial statements for Orient Insurance PJSC and its subsidiaries, dated September 30, 2024. The financial statements are unaudited.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From ORIENT Insurance PJSC

Disclosure: BOD meeting

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From ORIENT Insurance PJSC

Disclosure: Results of Board Decisions by Passing

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From ORIENT Insurance PJSC

Disclosure: Board Decisions by Passing

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From ORIENT Insurance PJSC

Disclosure: Press release

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From ORIENT Insurance PJSC

Disclosure: BOD meeting

1. Attached Document

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