Qatari listed insurers: results as at 31 March 2023

According to data published by Badri Management Consultancy, the seven insurers listed on the Qatar Stock Exchange recorded a 56% increase in overall net result during the first quarter of 2023. This figure climbed from 246.92 million QAR (67.4 million USD) on 31 March 2022 to 385.06 million QAR (104.6 million USD) a year later.

Qatar Insurance Company (QIC) alone achieved a 392% growth in its quarterly net profit to 175.02 million QAR (47.6 million USD). Second and third place go to Doha Insurance Group and Qatar General Insurance & Reinsurance, with respective net results of 65.59 million QAR (17.8 million USD) and 44.26 million QAR (12 million USD).