Egypt – EGP 2.5 billion net profit of insurance in 2015/2016
Wednesday, 02 08 2017, Category: Insurance and Reinsurance, Country: Egypt
Mr. Sherif Samy chairman of the Egyptian Financial Supervisory Authority said that the net profit of insurance companies reached EGP 2.5 billion during the past financial year 2015-2016 with a 20.4% growth rate.
Mr. Samy added at the margins of a businessmen meeting that the shareholders’ equity of these companies reached EGP 11.2 billion by the end of the last month of June, which is a 7.3% growth rate.
He indicated that written premiums achieved a growth of 12.4% and reached EGP 18.2 billion by the end of last month of June, clarifying that paid claims in the insurance sector reached EGP 10.8 billion with a 23% growth.
Source: Amwal Al Ghad