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QGIRC

Qatar General Insurance posts 13-fold rise in full-year earnings

: Tuesday, February 11 - 2014 @ 06:52

Qatar General Insurance and Reinsurance (QGIRC) Co has posted around 13-fold increase in full-2013 net profit to QR2.13bn, Gulf Times has reported. Gross written premium rose 12% to QR560.23m, of which domestic market contributed QR513.66m (92%) and the UAE QR46.6m (8%). The firm said. Investment income rose 22% to QR70.2m, while fees and commission income fell 37% to QR15.56m and other operating revenue by 31% to QR12.18m. Total revenue showed a more than 6-fold jump to QR2.37bn.

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Tuesday, February 11- 2014 @ 6:52 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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