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Financial Performance tag returned 1704 results

  • Kuwait: GIG's net profit jumps 27% to nearly US$50m in 1H

    Gulf Insurance Group (GIG), one of the MENA region's biggest insurance groups, has announced a net profit of KWD15m ($48.9m) for the first half of 2022, an increase of 27% over the corresponding half of last year.

    Middle East | 16 Aug 2022
  • Thailand: Life insurance premiums dip marginally in 1H2022

    The Thai Life Assurance Association (TLAA) has revealed that the total premium received in the first half of this year stood at THB289.1bn ($8.1bn), falling by 1.94% compared to the corresponding half in 2021.

    Asia | 16 Aug 2022
  • Nepal: Life insurance premiums climb 14% to over US$1bn in FY22

    Nepali life insurance companies collected premiums totalling NPR138.64bn ($1.09bn) in the fiscal year ended 15 July 2022 (FY22), according to the insurance regulator Beema Samiti.

    Asia | 16 Aug 2022
  • Egypt: Life insurance business surges ahead of P&C insurance in 1H2022

    The insurance market in Egypt saw total premiums climb by 13.1% to EGP27.8bn in the first half of this year compared to about EGP24.5bn in the corresponding half of last year, according to statistics from the Egyptian Financial Regulatory Authority.

    Middle East | 15 Aug 2022
  • Qatar: Doha Insurance produces strong topline and profits in 1H2022

    Doha Insurance Group has seen its gross written premium (GWP) climbing by 49% to QAR859m ($236m) and net profit jumping 48% to QAR60mn in the first half of the year, driven mainly by growth in sales, claims control and diversification in underwriting.

    Middle East | 15 Aug 2022
  • Cameroon: CIMA rules help insurers grow

    Insurance companies in Cameroon recorded an increase in turnover of CFAF46.7bn ($73.1m) between 2015 and 2021, according to data from the Association of Insurance Companies of Cameroon (ASAC).

    Africa | 15 Aug 2022
  • Ghana: State-owned reinsurer increases dividend payment to govt

    Ghana Reinsurance (Ghana Re) has presented a cheque of GHC12m ($1.3m) to its sole shareholder, the government of Ghana as a dividend for the 2021 financial year.

    Africa | 15 Aug 2022
  • UAE: Insurance market to expand by 5% this year in terms of GPW

    Gross Premiums Written (GPW) in the UAE are predicted to grow by approximately 5% in 2022, says S&P Global Ratings.

    Middle East | 14 Aug 2022
  • Turkiye: Insurance sector's GWP soar by 93% in 1H in nominal terms

    Total premiums in Turkiye's insurance sector surged by 93% in the first half of this year to TRY90.9bn ($5.1bn) compared to the corresponding period of the previous year, according to statistics from the Insurance Association of Turkiye (TSB).

    Middle East | 14 Aug 2022
  • UAE: ADNIC reports 1H2022 GWP of over US$1.2bn

    Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for both corporates and individuals, recorded gross written premiums of AED3.23bn ($1.21bn)in the first half of 2022. This represents an increase of 20.9%, compared to AED2.67bn for the corresponding period in 2021.

    Middle East | 14 Aug 2022