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Qatar’s QIC records USD158.3m net profit in H1

15 Jul 2015

(MENAFN) Qatar Insurance Company recorded a net profit of USD158.3 million in the first half of the year, marking a decline by 9 percent compared to the corresponding period last year, Gulf Times reported.

The company also recounted a 19 percent increase gross written premium, reaching USD1.04 billion during the same period. The profit came despite challenges related to regional difficulties.

“We have seen this dynamic environment positively challenge our drive and determination to grow and expand our presence further in the region and beyond,” the president of QIC said.

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