Solidarity Bahrain BSC operates in the Fire, marine, and casualty insurance sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Solidarity Bahrain BSC with three other
insurance companies in Middle East:
Al Khaleej Takaful Insurance Company QPSC
of QATAR
(2019
sales of 174.83 million Qatari Rial [US$48.02 million]
of which 45%
was Motor),
Dubai National Insurance and Reinsurance Co PSC
of UNITED ARAB EMIRATES
(176.68 million UAE Dirham [US$48.10 million]
of which 216%
was Underwriting), and
Gulf General Cooperative Insurance Company SJSC
which is
based in SAUDI ARABIA
(186.69 million Saudi Arabian Riyals [US$49.79 million]
of which 53%
was Motor).
Sales Analysis.
Solidarity Bahrain BSC reported sales of 18.14 million Bahrainian Dinars (US$48.12 million)
for the
year ending
December of 2019.
This
represents
a very small
increase of 0.2%
versus 2018, when the company's sales were 18.11 million Bahrainian Dinars.
This was the fourth straight year of sales growth at Solidarity Bahrain BSC.
Sales of Fire and General Accident saw an increase
that was more than double the company's growth rate: sales were up
5.9% in 2019, from
1.36 million Bahrainian Dinars to 1.44 million Bahrainian Dinars.
Solidarity Bahrain BSC also saw significant increases in sales in
Medical (up 5.8% to 4.17 million Bahrainian Dinars)
.
Not all segments of Solidarity Bahrain BSC experienced an increase in sales in 2019:
sales of Motor fell 0.7% to 10.05 million Bahrainian Dinars.
Solidarity Bahrain BSC also experienced decreases in sales in
Group Life (down 0.4% to 544,000.00 Bahrainian Dinars)
.