Centi-Millionaires: The Hidden Force Redrawing the Global Investment Map    Egyptian Countryside Development, ACSAD partner to support 1.5 Million Feddans project    Munich Airport shut down by drones for second time in 24 hours    Egypt's Al-Mashat discusses economic reform, World Bank cooperation with MENA Vice President    Cairo to host Palestinian conference amid prisoner swap talks, Gaza ceasefire efforts    China dangles $1trn investment in bid to reset US trade policy: Bloomberg    Sanae Takaichi wins ruling party leadership, set to become Japan's first female PM    Saudi German Health Expands Mayo Clinic Partnership, Becomes Region's Largest Member Group    Egypt central bank deploys AI tools to track inflation, map informal economy: governor    Egypt approves 776,379 state-funded treatment decisions in July–August    Egypt launches waste reduction plan in Port Said with Japan's JICA    Telecom works near Grand Egyptian Museum cause brief Cairo service outage: NTRA    Egypt drug regulator, Organon discuss biologics expansion, investment    Egypt's PM addresses parliament on Al-Sisi's objections to criminal procedures bill    Egypt's Al-Sisi reaffirms state's commitment to judicial independence    Alameda launches Egypt's largest private-sector medical conference    A Timeless Canvas: Forever Is Now Returns to the Pyramids of Giza    Egypt aims to reclaim global golf standing with new major tournaments: Omar Hisham    Egypt's foreign minister says Ethiopia's Nile dam policy is 'destabilising'    Egypt to host men's, juniors' and ladies' open golf championships in October    Egypt's President Al-Sisi pardons activist Alaa Abdel Fattah, 5 others    Egyptian Writers Conference announces theme for 37th session    Egypt's Al Ismaelia wins heritage award for Downtown Cairo revival    Egypt's PM heads to UNGA to press for Palestinian statehood    Egypt condemns terrorist attack in northwest Pakistan    Egypt's foreign minister holds talks on reviving Iran nuclear negotiations    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







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



Misr Insurance Holding: Affiliates' net profits hit 1.4bn Egyptian pounds in year
Islam Abdelhameed Published in Amwal Al Ghad on 25 - 08 - 2015

Egypt's state-owned Misr Insurance Holding Company (MIHC) announced Tuesday that affiliates have posted a net profit of 1.438 billion Egyptian pounds (US$183.6 million) during fiscal year 2014-2015.
In earlier fiscal year 2013-2014, the company had posted a net profit of 1.018 billion pounds.
In a statement released Tuesday, MIHC's chairman Mohamed Youssef said Misr Insurance Holding's subsidiaries registered an increase of 421 million pounds or 35.2 percent in net profits by end of last June.
Furthermore, the official also said the subsidiaries' total premiums reached 7.433 billion during fiscal year 2014-2015, up from 6.885 billion during fiscal year 2013-2014, and from 6.214 billion in fiscal year 2012-2013.
The insurance companies affiliated to Misr Insurance Holding are targeting total premiums of 7.922 billion pounds within the current fiscal year 2015-2016, with growth rates of 6.6 percent, Youssef noted.
The holding group and its affiliates have managed to post good results in all their insurance and investment activities, the top official said, referring to the group's strategic role in contributing to the national economy.

Clic here to read the story from its source.