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Oman Re recorded reinsurance revenue of 49.9 million OMR (129.8 million OMR) as at 31 December 2024, showing a 19% increase over one year.
Gross written premiums, calculated in accordance with IFRS 4, climbed 21.4% to 56.1 million OMR (145.9 million USD).
At 3 million OMR (7.8 million USD), the company's net result was 18% higher than the figure recorded at the end of 2023. The combined ratio stood at 94%.
Investments and other income amounted to 3.5 million OMR (9 million USD), representing a year-on-year progression of 29.6%.
The reinsurer's shareholders' equity reached 35.3 million OMR (91.8 million USD) at end-December 2024, compared with 32.2 million OMR (83.8 million USD) in 2023.
