investor relations

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value for stakeholders

Financial Reports

We take pride in being an investor-friendly organisation with a robust and disciplined approach to corporate governance and transparent, timely and effective reporting.

2021 Annual Report

Financial Highlights

All figures in thousands (USD '000)

2021

2020

2019

Gross Written Premium (GWP)

71,796

64,431

53,091

Net Earned Premium (NEP)

46,589

30,763

22,688

Net Profit / (Loss)

3,525

3,772

2,118

Investment Assets

119,384

108,038

92,618

Total Assets

273,008

246,975

198,974

Net Technical Provisions

84,687

61,041

44,957

Shareholders’ Equity

76,101

66,591

60,024

Financial Reports 2020

We are committed to providing innovative and responsive solutions that meet our stakeholders’ needs of today and goals of tomorrow.

2020 - Download report

Financial Reports 2020

We are committed to providing innovative and responsive solutions that meet our stakeholders’ needs of today and goals of tomorrow.

2019 - Download report

Financial Reports 2020

We are committed to providing innovative and responsive solutions that meet our stakeholders’ needs of today and goals of tomorrow.

2018 - Download report

Launch

Shareholder Portal

Financial Statements

Announcements

Other Disclosures

Governance Report 01

Disclosures

12/07/2021

We are committed to providing innovative and responsive solutions that meet our stakeholders’ needs of today and goals of tomorrow.

12/07/2021

We are committed to providing innovative and responsive solutions that meet our stakeholders’ needs of today and goals of tomorrow.

12/07/2021

We are committed to providing innovative and responsive solutions that meet our stakeholders’ needs of today and goals of tomorrow.

Shareholders

Shareholding structure

As of 31 March 2022

Trust Insurance and Reinsurance Company (Trust Re), Bahrain

27.2%

Qatar General Insurance and Reinsurance Company (QGIRCO), Qatar

22.3%

Ziliano Investments, Cyprus

9.1%

Zawawi Trading Company, Oman

8.6%

Omar Zawawi Establishment (OMZEST), Oman

8.4%

Others

24.4%

Trust Re

A closed joint-stock company registered in the Kingdom of Bahrain, with authorised capital of US$ 500 million, and issued and paid-up capital of US$ 250 million. Comprises over 280 employees spread across offices in Bahrain, Cyprus, Labuan (Malaysia) and Morocco and India.

QGIRCO

A public company incorporated in Qatar providing general insurance and reinsurance services for real estate, investment, manufacturing, trading, and contracting, and Takaful. The company is listed on the Qatar Exchange.

Zawawi Trading Co.

A leading multi-faceted company in Oman with representations of some of the internationally renowned and leading brands, and operating under four business divisions: Automotive, Utilities, Engineering & Projects, and ICT.

OMZEST

A leading Omani business conglomerate with a business volume in excess of USD 1 Billion, OMZEST has been a partner in Oman’s progress through 75 wholly owned and associate companies across diverse industry segments, and thousands of employees.

Board Committees

The Audit Committee assists the Board in fulfilling its oversight responsibilities for financial reporting, internal control processes and the risk-based internal audit cycles.

The purpose of the Risk Committee is to assist the Board in fulfilling its corporate governance oversight responsibilities with regard to the identification, evaluation, and mitigation of strategic, operational and external environment risks. The committee has an overall responsibility for monitoring and approving the risk management framework of the company.

The Nomination and Remuneration Committee's primary functions are to: assess required and necessary competencies of Board members, review Board succession plans, evaluate the Board's performance and make recommendations to the Board on executive remuneration and incentive policies, remuneration packages of senior management, recruitment, retention and termination policies for senior management, incentive schemes, pension arrangements and the remuneration framework for the directors. Lastly, the Committee monitors the overall organizational structure and ensures that executive succession planning is in place.

For any information or assistance, please contact

Muzamil Hussain

Chief Financial Officer, Oman Re