Arab Reinsurance Company: a new dimension
Home   |   Sitemap   |   Contact us
Follow us on
Is Climate Litigation Covered by Insurance? - Social Inflation or Science: What Is Fueling Climate Litigation? - Fortegra Europe Opens Branch in Czech Republic - Vantage launches Construction and Political risk business - UK Insurers Cautiously Willing to Underwrite Fire Safety Risks - Insurtech Foxquilt Raises $8M to Expand Small Business Offering in U.S. and Canada - Speciality Re/Insurer Convex Launches European Subsidiary With A- Rating From S&P - Debt surge in emerging markets may hurt insurance outlook: Swiss Re - Zurich Insurance Weighs Selling Some Australian Non-Core Assets - Reinsurers Face Major Claims Uncertainties, but Reap Benefits of Pricing Tailwinds - Corvus, SiriusPoint announce investment & underwriting capacity partnership - Munich Re backs energy storage systems provider ESS - Climate Change Could Force 200 Million People to Leave Their Homes by 2050 - Work of the scientific community and re/insurers needed to assess climate change: Lloyd’s - Gallagher Re Touts Advanced Integrated Reinsurance Analytics Platform - London Financial Employees Return to Offices Despite Rising Virus Cases - P/C Reinsurers Maintain Underwriting Discipline, Despite Rising Capacity: Guy Carpenter - Britain Looks to Revisit Data Privacy Regulations - WTW, Applied Systems target real-time pricing enhancements - Reinsurance environment “most attractive in a decade”: SCOR’s Launay - Willis Towers Watson’s New CEO Says It Has $5 Billion for Possible Acquisitions - Lloyd’s Reports H1 2021 Profit of £1.4B ($1.9B), with 92.2% Combined Ratio - Global Reinsurers Shoulder ‘Considerable Burden’ of COVID-19 Claims - “Inflation is the enemy of the re/insurance industry,” says Swiss Re CFO Léger - Global Reinsurance Rates, Demand to Continue Rising in 2022: Moody’s - Prudential’s Michael Koller joins MS Amlin as Chief Risk Officer - Rates need to and will harden further: Swiss Re CEO Mumenthaler - Russia’s Renaissance Insurance Plans $1 Billion IPO in Moscow: Reuters
Search Search
World News & Events
Enlarge Font Minimize Font

Egypt - Delta Ins. profit soars 48% in FY18/19

Wednesday, 08 14 2019, Category: Insurance and Reinsurance, Country: Egypt
Delta Insurance recorded a 48.3% year-on-year profit surge during fiscal year 2018/2019.

The insurer’s net profits amounted to EGP 135.79 million in the twelve-month period ended 30 June, compared to EGP 91.55 million in the year-ago period, according to a statement to the Egyptian Exchange (EGX) on Thursday.

Meanwhile, revenues rose by 35.29% to EGP 158.92 million from July 2018 to last June, compared to EGP 117.47 million in the year-ago period.

At the level of standalone business, Delta Insurance logged a profit of EGP 88.233 million in FY18/19, up from EGP 64.352 million in FY17/18.

During the first nine months of FY18/19, the EGX-listed firm posted a net profit of EGP 93.98 million, compared to EGP 66.4 million in the year-ago period.

Revenue hiked to EGP 453.49 million in the nine-month period ended 31 March from EGP 366.28 million in the prior-year period.

Source: Mubasher
All copyrights reserved, Arab Reinsurance 2016 ©