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14-05-14

Bahrain National Holding profit hits USD4.3m in Q1

(MENAFN) Bahrain National Holding Company (BNH) has posted a USD4.3 million net profit for the first three months of the current year compared to USD3.298 million in the same quarter 2013, according to Gulf Daily News. BNH is the parent company of Bahrain National Insurance and Bahrain National Life Assurance. The company's gross premium rose by 15 percent in the quarter to reach USD19.52 million compared to the three-month period a year earlier. Net earned premiums remained unchanged at USD9.23 million, the company said.