Ahliea Insurance Group announces Unaudited Consolidated Earnings Results for the Year Ended December 31, 2017
Ahliea Insurance Group announced unaudited consolidated earnings results for the year ended December 31, 2017. For the year, the company reported gross premiums written of USD 28,200,860 against USD 19,630,819 a year ago. Net premium revenue was USD 26,568,855 against USD 16,714,959 a year ago. Net premium revenues after commissions were USD 25,430,982 against USD 14,520,023 a year ago. Net Insurance profit before investment income and general and administrative expenses was USD 7,550,875 against USD 5,980,657 a year ago. Net Income before tax was USD 3,699,972 against USD 1,857,627 a year ago. Net Income after tax was USD 3,122,587 or USD 0.078 per basic and diluted share against USD 1,559,346 or USD 0.039 per basic and diluted share a year ago. Net cash flow from operating activities was USD 5,796,595 against USD 320,688 a year ago. Purchase of property, plant and equipment was USD 472,087.