QIC Group reports 11% growth in Net Profits at QAR 194 million
DOHA, Qatar, May 9, 2024 /PRNewswire/ -- Qatar Insurance Company ("QIC Group", "QIC"), the leading insurer in Qatar and the Middle East North Africa (MENA) region, has reported a Net Profit of QAR 194 million for the first quarter of 2024, rising from QAR 175 million in Q1 2023.
- DOHA, Qatar, May 9, 2024 /PRNewswire/ -- Qatar Insurance Company ("QIC Group", "QIC"), the leading insurer in Qatar and the Middle East North Africa (MENA) region, has reported a Net Profit of QAR 194 million for the first quarter of 2024, rising from QAR 175 million in Q1 2023.
- Sheikh Hamad bin Faisal Al Thani, Chairman of QIC Group, stated: "QIC begins 2024 in excellent financial health.
- Antares Lloyds Syndicate drove a premium volume of QAR 1.3 billion in Q1 2024, compared to QAR 1.8 billion last year.
- QIC reported an investment income of 227 million for Q1 2024, compared to 223 million for the same period in 2023.