Misr Insurance Company: Fitch Ratings

Fitch RatingsFitch Ratings has assigned a financial strength rating of "AA" to Misr Insurance Company with a stable outlook.

Such rating reflects the Egyptian insurer's strong capitalization, good financial performance, and a prudent investment strategy.

The projected turnover for the year 2020 amounts to 9.3 billion EGP (590.14 million USD). The average combined ratio for the last five years is established at 90%. The return on equity (ROE) is set at 16%.

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