General Insurance Net Profit Increased to QR54.03 Million in First Half of 2018

August 01, 2018

Qatar General Insurance Co. net profit amounted to QR54.03 million in the first half of 2018, compared to QR39.69 million for the same period last year, while its earnings per share reached QR0.62, versus QR0.45.

The Group’s Comments:

General Insurance’s total revenue from insurance underwriting increased by 22.7% to QR47 million in this period, while investments and other income rose by 1.1% to QR133.4 million. On the other hand, the company’s total expenses decreased by 4.1% to QR131.5 million. As a result, the net profit increased by 36.1% to QR54 million, and due to a net profit in the fair value of the assets, the comprehensive income increased to QR66.1 million, compared to a comprehensive loss of QR50.9 million recorded in the corresponding period of 2017.