Lebanese insurance industry: Ranking of insurance companies in 2016

2016 ranking of Lebanese insurers according to turnover

in thousands

	2016 turnover		2015 turnover		2015-2016 evolution⁽²⁾	2016 shares
	In LBP⁽¹⁾	In USD	In LBP⁽¹⁾	In USD	2015-2016 evolution⁽²⁾	2016 shares
Allianz SNA	195 976 000	132 460	185 330 000	124 709	5.7%	8.30%
ALICO - Metlife	183 459 000	124 000	171 159 000	115 173	7.2%	7.70%
Medgulf	173 406 000	117 205	171 068 000	115 112	1.4%	7.30%
Bankers	167 263 000	113 053	162 353 000	109 247	3.0%	7.10%
Libano Arabe	158 073 000	106 842	146 648 000	98 679	7.8%	6.70%
Arope	152 818 000	103 290	141 057 000	94 917	8.3%	6.40%
AXA M.E.	143 926 000	97 280	143 547 000	96 593	0.3%	6.10%
Bancassurance	114 616 000	77 469	112 505 000	75 705	1.9%	4.80%
Fidelity Insurance	108 985 000	73 663	106 846 000	71 897	2.0%	4.60%
Libano-Suisse	104 239 000	70 455	103 653 000	69 748	0.6%	4.40%
ADIR Insurance	101 054 000	68 302	92 750 000	62 411	9.0%	4.30%
Continental trust	76 369 000	51 618	77 402 000	52 084	-1.3%	3.20%
Al-Mashrek	63 562 000	42 962	61 218 000	41 194	3.8%	2.70%
Arab Lebanese Insurance Group (ALIG)	56 129 000	37 938	51 085 000	34 375	9.9%	2.40%
Assurex	52 216 000	35 293	50 478 000	33 967	3.4%	2.20%
Cumberland	37 982 000	25 672	36 838 000	24 788	3.1%	1.60%
Arabia Insurance	37 058 000	25 048	34 319 000	23 093	8.0%	1.60%
The Capital	35 307 000	23 864	37 643 000	25 330	-6.2%	1.50%
UFA Assurances	34 562 000	23 360	26 780 000	18 020	29.1%	1.40%
Liberty Insurance	28 662 000	19 373	27 434 000	18 460	4.5%	1.20%
Security Insurance	28 213 000	19 069	25 898 000	17 427	8.9%	1.20%
Sogecap	26 413 000	17 853	23 488 000	15 805	12.5%	1.10%
Credit Libanais	25 033 000	16 920	26 377 000	17 749	-5.1%	1.10%
United Commercial Assurance	24 811 000	16 770	26 905 000	18 104	-7.8%	1.00%
Trust Compass	24 047 000	16 253	30 020 000	20 200	-19.9%	1.00%
North Insurance	18 686 000	12 630	19 220 000	12 933	-2.8%	0.80%
Commercial	18 468 000	12 483	18 284 000	12 303	1.0%	0.80%
Beirut Life	17 067 000	11 536	13 911 000	9 361	22.7%	0.70%
Amana Insurance	16 835 000	11 379	16 507 000	11 108	2.0%	0.70%
Burgan (Arab Life)	15 929 000	10 766	14 544 000	9 787	9.5%	0.70%
Phénicienne	13 907 000	9 400	12 781 000	8 600	8.8%	0.60%
Victoire	13 487 000	9 116	13 209 000	8 888	2.1%	0.50%
Confidence	11 978 000	8 096	11 767 000	7 918	1.8%	0.50%
The Lebanese Credit Insurer (LCI)	10 040 000	6 786	8 288 000	5 577	21.1%	0.45%
Bahria	9 937 000	6 716	12 015 000	8 085	-17.3%	0.42%
Berytus	9 345 000	6 316	10 381 000	6 985	-10.0%	0.41%
Union Nationale	9 336 000	6 310	12 226 000	8 227	-23.6%	0.40%
Mearco	8 917 000	6 027	8 636 000	5 811	3.3%	0.38%
United Assurance	8 393 000	5 673	8 240 000	5 545	1.9%	0.40%
Mains Essalam	8 272 000	5 591	8 386 000	5 643	-1.4%	0.34%
Saudi Arabia	5 846 000	3 951	7 584 000	5 103	-22.9%	0.20%
AIG	4 459 000	3 014	4 775 000	3 213	-6.6%	0.20%
RL 360	3 904 000	2 639	4 406 000	2 965	-11.4%	0.16%
Overseas	2 897 000	1 958	2 294 000	1 544	26.3%	0.10%
Al-Aman Takaful Insurance (ATI)	1 980 000	1 338	1 377 000	927	43.8%	0.10%
Trust Insurance	1 919 000	1 297	1 672 000	1 125	14.8%	0.08%
Trust Life	1 546 000	1 045	1 575 000	1 060	-1.8%	0.10%
Byblos	1 071 000	724	997 000	671	7.4%	0.05%
Fajer Al Khaleej	227 000	153	8 891 000	5 983	-97.4%	0.01%
Zurich ME	60 000	41	4 893 000	3 292	-98.8%	0.003%
Total of the market	2 368 685 000	1 600 997	2 299 660 000	1 547 441	3.0%	100.0%

⁽¹⁾ Lebanese pound
⁽²⁾ Growth rate in local currency
Exchange rate as at 31/12/2016: 1 LBP=0.0006759 USD; as at 31/12/2015: 1 LBP = 0.0006729 USD Source: Insurance Control Commission (ICC)

Related article:

Average:

Your rating: None

Tue, 13/02/2018 - 14:48

Lebanese insurance industry: Ranking of insurance companies in 2016

2016 ranking of Lebanese insurers according to turnover

The online magazine