Qatar Insurance Company H1 net profit jumps 277% to QR351mn – MENAFN.COM

Qatar Insurance Company H1 net profit jumps 277% to QR351mn – MENAFN.COM

(MENAFN - Gulf Times) QIC, the leading insurer in Qatar and the Middle East North African (Mena) region, generates QR5bn from international operations Qatar Insurance Company (QIC) posted a net profit of QR351mn in the first half (H1) of this year, witnessing a 277% rise compared to a loss of QR198mn for the same period in 2020. The financial results were announced yesterday following a meeting of the board of directors, which was presided over by Khalifa Abdulla Turki al-Subaey, chairman & managing director of QIC Group. Al-Subaey stressed that increasing the return per share (EPS) and effectively contributing to the growth of the national economy remains the Group's first goal and that the company's continuous growth at a steady pace is through successful implementation of the strategy set by the distinguished board of directors in line with the Qatar 2030 vision under the wise leadership of His Highness the Amir, Sheikh Tamim bin Hamad al-Thani. On QIC's financial performance for the first half of 2021, al-Subaey said,"We are pleased with these results, which were achieved through the successful implementation of the group's strategic plan that aims to de-risk its international operations, expand its low-volatility activities, diversify its business portfolio