Trump takes aim at China in UN address    BREAKING: Explosion rocks village in southern Lebanon, witnesses say    EU tells UK to 'stop the games' on Brexit    Libya's NOC says oil production to rise as it seeks to revive oil industry    US and UAE eye December goal to agree on F-35 deal: Sources    UEFA Super Cup interest will be focused away from the pitch    Bale's desire can accelerate fitness return: Tottenham boss Mourinho    Chelsea's Silva targets another World Cup, Premier League success    Egypt reports 126 new coronavirus cases, 17 deaths    Europe COVID-19 second wave fears trigger worst stocks sell-off in 3 months    Shell launches major cost-cutting drive to prepare for energy transition    Egypt's Hurghada airport receives first flight by Swiss Chair Airlines since virus hiatus    FACTBOX: Key winners of the 2020 Emmy Awards    'Succession,' 'Watchmen,' 'Schitt's Creek' take top Emmys    Virtual Emmy Awards set bar high with live telecast    Nile water levels continue to decline in Sudan after devastating floods: Ministry    Egypt's NEA announces results of Senate election run-offs    Climate theories on Sudan    Egyptian insurance companies' premiums 9.6% up in five months    Egypt's President Sisi names new head of anti-corruption watchdog    Egypt's offers 18 bln pounds T-bills on Sunday    EgyptAir offering discounts for some international flights    Egypt records 212 new coronavirus cases, 14 deaths on Saturday    Egypt to require PCR coronavirus tests for airport travelers    Egypt sends 125 tonnes of glass by sea to Beirut    Legend Messi officially wants to leave Barcelona, hands transfer request    Global smartphone sales drop 20% in Q2, yet Apple's iPhone sales steady    Sisi: Egypt keen on establishing development projects with Iraq, Jordan    Egyptian megastar Amr Diab releases new hit music video    Making of Harry Potter will be available for fans at new park in Tokyo    Egypt's Senate elections official results to be announced Wednesday    Netflix Egypt is bringing megastar Amr Diab back with a new original    Egypt reopens Rafah border crossing for first time since April    Egypt's senate elections 2020 trending on social media in few days    African Champions League final will be played on Oct. 16-17, CAF says    No room to delay Egyptian Premier League games – EFA's board member    The Facebook Preacher's Search for Fame, and Egypt's Economy    Egypt calls on UNSC to address oil spill risks off Yemen coast    Egypt economically strong in face of COVID-19, reforms ongoing: International Cooperation Minister    Arafa Holding reports $144,000 COVID-19-related losses in April    Egypt's efforts in Libya to activate free will of Libyan people: Al-Sisi    Hyksos campaigns were internal takeover, not foreign invaders: study    COVID-19 affects Egypt sporting clubs    COVID-19 will soon turn to seasonal like swine flu: Presidential Health Advisor    ‘Egypt's Support' coalition convenes to discuss its Senate election list    Robbery attempt leads to discovery of Ptolemaic monuments in Qena    Flouting international guidance, Ethiopia unilaterally starts filling its Nile dam    Zaha speaks out after online racial abuse    

Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.

Egyptian Takaful Insurance 'Property' Attains EGP25mn Profits in 6 Months
Published in Amwal Al Ghad on 19 - 08 - 2014

Egyptian Takaful Insurance Property's profits increased by 47.9% to become EGP25 million at the end of June 2014 in compared to EGP16.9 million at June-end of 2013, Managing Director Ahmed Arfeen revealed.
In statements to Amwal Al Ghad, Arfeen noted that the Surplus activity surged by 44.9% to become EGP40 million during the last fiscal year of 2013/2014 against EGP27.6 million, stressing that the Customers' share from surplus amounted to EGP12 million.
The total value of policyholders' rights reached EGP207.9 million at June end in compared to EGP150.9 million at June 2013, whereas the shareholders' rights up to EGP124.6 million in the same period in compared to EGP110.2 million, Arfeen explained.
The company's total value of assets are EGP449 million at the end of June 2014 compared to EGP355 million at June 2014, while the company's investments reached EGP369.9 million in FY13/14 against EGP283.8 million at the end of the last fiscal year, Arfeen said.
Takaful Insurance attained EGP318.5 million premiums in the last FY13/14 against EGP274.4 million in the last fiscal year, registering 16% growth rate.
Moreover, the company has achieved EGP98.9 million paid up compensations for customers at June-end in compared to EGP274.4 million at June 2013, stressing that the total value of compensation under settlements are EGP88.5 million against EGP68.7 million in the last period of the previous year.

Clic here to read the story from its source.