{"id":16069,"date":"2021-12-08T23:26:00","date_gmt":"2021-12-08T20:26:00","guid":{"rendered":"https:\/\/albayanmagazine.com\/?p=16069"},"modified":"2021-12-17T23:28:45","modified_gmt":"2021-12-17T20:28:45","slug":"oman-res-gross-written-premium-up-by-11-in-third-quarter","status":"publish","type":"post","link":"https:\/\/albayanmagazine.com\/en\/oman-res-gross-written-premium-up-by-11-in-third-quarter\/?lang=en","title":{"rendered":"OMAN Re\u2019s Gross Written Premium up by 11% in Third Quarter"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Oman Re, the Sultanate of Oman\u2019s sole reinsurer reported Gross Written Premium (GWP) of OMR 24.1 million [USD 62.7 million] as of 30 September 2021, which is higher by 11% compared to OMR 21.8 million [USD 56.7 million] during for the same period last year. Oman Re\u2019s investment income increased by 12% during Q3 2021 to reach at OMR 1.5 million [USD 3.9 million] in comparison to OMR 1.3 million [USD 3.5 million] during Q3 2020. The combined ratio stood at 101.4% compared to 97.5% of same period last year. Increase in combined ratio is mainly on account of higher acquisition cost ratio of 25.6% as at 30 September 2021 from 20.2% for the same period in 2020. The profit before tax stood at OMR 720k [USD 1.9 million] as at 30 September 2021, compared to OMR 1.1 million [USD 2.9 million] for the same period in 2020. The Company\u2019s net equity stands at OMR 26.2 million [USD 68.1 million].<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oman Re, the Sultanate of Oman\u2019s sole reinsurer reported Gross Written Premium (GWP) of OMR 24.1 million [USD 62.7 million] as of 30 September 2021, which is higher by 11% compared to OMR 21.8 million [USD 56.7 million] during for the same period last year. Oman Re\u2019s investment income increased by 12% during Q3 2021 [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":16070,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_gspb_post_css":"","footnotes":""},"categories":[41],"tags":[479,260],"class_list":["post-16069","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-41","tag-oman-re-2","tag-third-quarter"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/albayanmagazine.com\/en\/wp-json\/wp\/v2\/posts\/16069","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/albayanmagazine.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/albayanmagazine.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/albayanmagazine.com\/en\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/albayanmagazine.com\/en\/wp-json\/wp\/v2\/comments?post=16069"}],"version-history":[{"count":0,"href":"https:\/\/albayanmagazine.com\/en\/wp-json\/wp\/v2\/posts\/16069\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/albayanmagazine.com\/en\/wp-json\/wp\/v2\/media\/16070"}],"wp:attachment":[{"href":"https:\/\/albayanmagazine.com\/en\/wp-json\/wp\/v2\/media?parent=16069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/albayanmagazine.com\/en\/wp-json\/wp\/v2\/categories?post=16069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/albayanmagazine.com\/en\/wp-json\/wp\/v2\/tags?post=16069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}