QIC: 445% increase in net profit as at 30 September 2023

Qatar Insurance Company (QIC) has ended the first three quarters of 2023 with a strong 445% increase in net profit, which reached 453 million QAR (123.6 million USD) on 30 September 2023.

The net investment result has improved by 1.5% to 681 million QAR (185.7 million USD).

The Qatari group's turnover was down by 10.3%, from 7.8 billion QAR (1.9 billion USD) for the first nine months of 2022 to 7 billion QAR (2.1 billion USD) a year later.