Qatar General Insurance & Reinsurance Net Profit Rises to QR70.76 Million in Q3 2018

October 30, 2018

Qatar General Insurance & Reinsurance Company net profit amounted to QR70.76 million, compared to QR35.28 million for the same period last year, while its earnings per share recorded QR0.81, versus QR0.40 for the corresponding period of 2017.

The Group’s Comments:

The company’s total income climbed by 16.2% to QR256.1 million, of which QR75.4 million were from insurance results, while QR180.7 million from investments and others, and the total expenses stood at QR196.1 million. After adding a share of other companies' profits of QR9.5 million, the net profit doubled to QR70.76 million. Qatar General Insurance’s comprehensive income reached QR134.2 million, versus QR128 million in the corresponding period of 2017.