Listed Emirati insurers: results as at 30 September 2023

The 26 listed Emirati insurers have published their key business indicators as at 30 September 2023, in accordance with the new IFRS 17 accounting standards.

The Insurance income reached 22 billion AED (6 billion USD), up by 16% compared to the 19 billion AED (5.2 billion USD) recorded during the same period of 2022.

Pre-tax profit went up from 1.3 billion AED (353.9 million USD) on 30 September 2022 to 1.5 billion AED (408.3 million USD) at the end of the reporting period, representing a 15% growth.