OIC 2015 profit down at Dh81.2 million

Dubai: The Oman Insurance Company (OIC) recorded Dh81.2 million in profit in 2015 compared to Dh229.3 million in 2014, according to a statement on the Dubai Financial Market (DFM) on Tuesday.

Net investment income reached Dh89.2 million last year, down from Dh143.3 million in the previous year.

Total assets were valued at more than Dh6 billion.

OIC has operations in the UAE, Oman and Qatar and a subsidiary in Turkey. It also owns a medical third-party administrator in Iraq.