Egypt – EGP 2 billion insurance capital increase in 2017
Friday, 04 13 2018, Category: Insurance and Reinsurance, Country: Egypt
The capitals of insurance companies operating in the Egyptian market reached EGP 8.3 billion in last year 2016/2017 compared to EGP 6.3 billion in the previous financial year i.e. a EGP 2 billion capital increase.
The companies of the public sector witnessed an EGP 1.45 billion capital increase. Therefore, capitals increased to EGP 4.7 billion compared to EGP 3.25 billion during the same period.
Furthermore, the capitals of private insurers increased to EGP 3.61 billion in the last financial year 2016/2017 compared to EGP 3.08 billion in the previous year 2015/2016 i.e. 17.2% increase.
Source: Amwal Al Ghad