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Economic
News

gig | Arab Orient Insurance’s premiums of JOD 78.6 million by end of third
quarter of 2016 with an increase of 7% compared to 2015

The Board of Directors of gig | Arab Orient Insurance held its fifth meeting for the year 2016, on Tuesday
25/10/2016 headed by The Chairman, Mr. Naser Lozi and attended by the member of The Board of Directors
and the CEO, Mr. Mustafa Melhem.
The Board discussed the financial results for the third quarter as of 30/09/2016, which were considered excellent
and the best locally in terms of written premiums and profits, whether on the local level or internal results.
The Chairman, Mr. Naser Lozi, declared that the company’s performance by the end of the third quarter of this
year was good. The written premiums reached JOD 78.6 million compared to JOD 73.4 million in 2015 with
an increase of 7%. The paid compensations reached JOD 63 million compared to JOD 51 million in 2015. The
financial statements showed that the profits’ growth before taxes reached JOD 3.8 million compared to JOD
3.3 million in 2015 with a growth percentage of 15%. This is a great indication of the company’s capability and
solvency, which makes it the best choice and the safest option for enterprises, corporations and institutions.
It also enhances its clients and employees’ trust. The Chairman also thanked the CEO and the members of the
Board of Directors on the continuous efforts that turned it into a great success.

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