Qatar Insurance Company: results down in 2022

Qatar Insurance Company (QIC) has ended the financial year 2022 with a 1% drop in its turnover. The premium volume amounted to 9.8 billion QAR (2.6 billion USD) against the 9.9 billion QAR (2.7 billion USD) recorded one year earlier.

After having achieved a net profit of 630 million QAR (172.4 million USD) in 2021, the Qatari group has posted a net loss of 637 million QAR (173.6 million USD) as at 31 December 2022.

The 25 million QAR (6.8 million USD) underwriting result has fallen by 96% compared to the same period in 2021.