Qatar Insurance Company: 400% net result increase in 2021

QICQatar Insurance Company (QIC) recorded a 3.6% increase in its turnover in 2021. Premiums rose from 12.202 billion QAR (3.32 billion USD) at the end of 2020 to 12.647 billion QAR (3.45 billion USD) one year later.

As of 31 December 2021, the net profit reached 630 million QAR (172.1 million USD), which is a strong increase of 400% compared to 126 million QAR (34.3 million USD) recorded during the same period of 2020.

The group reported a net technical result of 350 million QAR (95.6 million USD) versus a net technical loss of 595 million QAR (162.124 million USD) in 2020.

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