SUKUN TAKAFUL-

Sukoon Takaful recorded AED 8.8 mn in retained earnings in 4Q 2024, contributing to a full-year retained earnings of AED 19 mn, according to a regulatory filing (pdf) . This helped cut accumulated losses to AED 32.8 mn by year-end, down 36.2% y-o-y from AED 51.4 mn as of 31 December 2023. The company recovered from earlier losses driven by underperformance in motor and medical ins. before 2H 2023. Sukoon Takaful also reported AED 172.4 mn in gross written contributions during the year, according to an earnings release (pdf).

DUBAI NATIONAL INS. AND REINS.-

Dubai National Ins. and Reins. posted a 13.6% y-o-y increase in its net income to AED 53.5 mn in 2024, according to the company’s financial statement (pdf). The ins. providers’ revenues rose 4.6% y-o-y to AED 469.1 mn.

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