Qatar Insurance Company (QIC), a leading insurer in Qatar and the Middle East North Africa (Mena) region, has announced a net profit of QR571 million ($157 million) for the first nine months of 2022.
Doha: Qatar Insurance Group, the leading insurer in Qatar and the Mena region, celebrated its long serving employees at an awards ceremony held earlie.
Qatar Insurance Company (QIC), the leading insurer in Qatar and the Middle East North African (MENA) region, has registered a robust net profit of QR2.
QIC Group net profit rises 210% to QR205m
28 Apr 2021 - 9:52
Group President of QIC Group, Khalifa Abdulla Turki Al Subaey
The Peninsula
Qatar Insurance Company (QIC), the leading insurer in Qatar and the Middle East North African (MENA) region, reported robust results with a net profit of QR205m for the first quarter of 2021 as compared to a loss of QR186m in the previous year’s period. Gross premium volume remained stable at QR3.2bn in the first quarter 2021.
QIC posted an underwriting income of QR157m for the first quarter of 2021, compared to an underwriting loss of QR69m for the prior year’s period, an increase by 329 percent.