Qatari listed insurers: strong profit growth in 2021

The six insurers listed on the Qatar Stock Exchange closed the year 2021 with a 137.9% increase in net result. The latter went from 426.37 million QAR (116.461 million USD) in 2020 to 1.014 billion QAR (276.72 million USD) in 2021.

Qatar Insurance alone posted a sharp net profit growth of 509.68% reaching 615.88 million QAR (168.073 million USD). The company comes after Qatar Life and Medical Insurance (QLM) which realized a net profit of 106.17 million QAR (28.9 million USD).

On the other hand, Qatar General Insurance and Reinsurance posted a 24.55% decrease of its net result in 2021 which stood at 98.73 million QAR (26.9 million USD).