Oman Re’s reports GWP Growth of 11% for 2021

Oman Re, the Sultanate’s first and only reinsurer, reported Gross Written Premium (GWP) of OMR 27.6m (USD 71.7m) for the year end 31 December 2021, representing a 11% rise compared to previous year’s OMR 24.8m (USD 64.3m), thus demonstrating a Compound Annual Growth Rate (CAGR) of 23.9% from year 2016 onwards. The Company posted profit after tax of OMR 1.3m (USD 3.5m) against OMR 1.4m (USD 3.8m) during year 2020.