QLM net profit up 8% to QR106m in 2021 – The Peninsula Qatar

QLM net profit up 8% to QR106m in 2021 – The Peninsula Qatar

Doha: QLM Life and Medical Insurance Company (QLM), the leading life and medical insurer in Qatar, has reported a net profit of QR106m for the 12-month financial period ended December 31, 2021, recording an 8 percent increase compared to QR98m in 2020. The Company’s net underwriting income also grew by 16 percent to QR119.2m in 2021 from QR102.4m in 2020.

QLM’s gross written premium rose by 3 percent to QR1.03bn last year compared to QR1bn for the same period in 2020. Earnings per share stood at QR0.30 in 2021 compared to QR0.28 per share for the same period in the previous year.