General Insurance Net Profit Increased to QR55.1 Million in First Quarter of 2018

April 29, 2018

General Insurance’s net profit amounted to QR55.1 million in the first quarter of 2018, compared to QR43 million for the same period of the previous year. The company’s earnings per share recorded QR63, versus QR49 for the corresponding period of 2017.

The Group’s Comments:

Insurance results for the first quarter increased by 14.1% to QR26 million, while investment and other operations decreased by 6.9% to QR87.2 million, and total expenses decreased by 17.6% to QR63.4 million. As a result, the net profit attributable to shareholders increased by 28% to QR55.1 million and the comprehensive income amounted to QR52 million, double that of the corresponding period of 2017.