Misr Insurance Company posted on Monday a rise of 34.6% in its profits for the first nine months of fiscal year 2016/2017 to EGP 950 million, versus EGP 705.9 million for the same period of FY15/16.
Property insurance premiums increased in the nine-month period by 34% to EGP 5.16 billion, compared to EGP 3.85 billion in the same period of the previous year.
Reinsurance premiums grew 61% in the first nine months of FY16/17 to EGP 1.035 billion from EGP 641.2 million in the same period of last year.
Life insurance premiums levelled up in the first nine months of FY16/17 rose 101% to EGP 738.2 million from EGP 368.1 million in the same period of FY15/16.
