Insurance

OMINVEST’s second largest investment is its subsidiary National Life & General Insurance Company (NLGIC). It recorded total gross written premiums of $298 million in 2017 and has grown net profits at an impressive cumulative annual growth rate of 31% over the last 3 years. NLGIC is the largest insurance company in Oman, growing fast in the UAE and has successfully commenced operations in Kuwait. Moving beyond its core areas of Life and Medical Insurance, NLGIC is rapidly expanding into General Insurance and now looking to diversify outside GCC markets.