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.