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Oman Reinsurance Company Saog (Oman)

Main Activities: Insurance Carriers and Related Activities
Full name: Oman Reinsurance Company Saog Profile Updated: May 25, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Oman Re is the first reinsurance company to be established in Oman with the purpose of writing Facultative and Treaty business from local and international markets. Incorporated in August 2008, the company has grown consistently year-on-year in written premium, while expanding its presence across key markets in the Middle East, Africa, Asia, CEE and CIS countries. Oman Re provides cover for Facultative risks in the following lines of business: Property and Renewable Energy, Energy Onshore/Offshore, Engineering, Marine Hull and Cargo, Miscellaneous Accident and Motor, and Casualty.

Headquarters
Al Khuwair, Po Box: 1968
Muscat; Musqat; Postal Code: 114

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Website: http://www.omanre.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
August 04, 2008
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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9.07%
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8.36%
Company Performance
Financial values in the chart are available after Oman Reinsurance Company Saog report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency OMR. Absolute financial data is included in the purchased report.
Net insurance premium revenue
66.51%
Operating profit (EBIT)
81.13%
Net Profit (Loss) for the Period
51.2%
Total assets
5.99%
Investments
1216.79%
Receivables
240.55%
Total equity
10.84%
Net Premiums Earned Trend
35.39%
Net Profit Trend
46.15%
Return on Equity (ROE)
0.85%
Loss Ratio
-38.23%
Underwriting Expenses Ratio
-41.82%

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