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Dhofar Insurance posts 391% increase in net underwriting results
- Oman: Tuesday, October 23 - 2012 at 00:51
Oman's Dhofar Insurance Co has returned to profit with a net income of OR2.17m for the first nine months of 2012, compared with a net loss of OR1.37m in the same period last year, Muscat Daily has reported. The positive results were attributed to improvement in underwriting operations and increased income from its investments. The insurer's net underwriting results surged by 391% to OR3.6m, compared with OR733,798 in the corresponding period last year, the insurer said.
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