News Middle East14 Dec 2020

Egypt:Misr Insurance earns over 90% of net profit from investments

| 14 Dec 2020

State-owned Misr Insurance Company (MIC) relies on investment results as the primary contributor to its earnings, supported by the high interest rate environment in Egypt, notes AM Best. Investment profits accounted for over 90% of the company's pre-tax profits over the past five years.

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