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Qatar Insurance Group (QIC) closed the first three months of 2025 with a 6% increase in net profit to 205 million QAR (56.2 million USD).
Investments and other income amounted to 229 million QAR (62.8 million USD), down 6.5% on the same period of 2024.
Insurance revenue declined by 13.6% year-on-year to 1.9 billion QAR (521.3 million USD).
While presenting its results for the first quarter of 2025, the Qatari group also elaborated on its plans to expand into Saudi Arabia by establishing a branch office. Pending regulatory approval, this initiative is part of QIC's strategy to broaden its presence in GCC (Gulf Cooperation Council) countries.
