Magazine date:
Jul 2021 Life insurance companies in Egypt: 2020 ranking
In thousands| Rank | Companies | 2020 turnover | 2019 turnover | 2019-2020 evolution* | 2020 shares | ||
|---|---|---|---|---|---|---|---|
| In EGP | In USD | In EGP | In USD | ||||
| 1 | Misr Life Insurance Company | 4 961 503 | 306 472 | 4 403 427 | 263 325 | 12.67% | 26.85% |
| 2 | Allianz Life Egypt | 4 216 677 | 260 464 | 3 120 291 | 186 593 | 35.14% | 22.82% |
| 3 | Metlife Egypt | 3 685 876 | 227 677 | 2 854 613 | 170 706 | 29.12% | 19.95% |
| 4 | AXA Life Egypt | 2 529 557 | 156 251 | 2 000 233 | 119 614 | 26.46% | 13.69% |
| 5 | QNB Alahli Life Insurance | 735 854 | 45 454 | 671 582 | 40 161 | 9.57% | 3.98% |
| 6 | Egyptian Life Takaful Insurance | 632 883 | 39 093 | 657 969 | 39 346 | -3.81% | 3.43% |
| 7 | Suez Canal Life Insurance | 560 355 | 34 613 | 603 920 | 36 114 | -7.21% | 3.03% |
| 8 | Libano-Suisse Takaful | 255 706 | 15 795 | 206 898 | 12 373 | 23.59% | 1.38% |
| 9 | Chubb Life Egypt | 242 958 | 15 007 | 252 453 | 15 097 | -3.76% | 1.32% |
| 10 | Delta Life Assurance | 241 067 | 14 891 | 216 429 | 12 942 | 11.38% | 1.31% |
| 11 | Misr Emirates Takaful Life Insurance | 147 046 | 9 083 | 106 799 | 6 387 | 37.68% | 0.80% |
| 12 | Mohandes Life Insurance Company | 91 077 | 5 626 | 106 105 | 6 345 | -14.16% | 0.49% |
| 13 | Arope Life Insurance | 74 454 | 4 599 | 61 667 | 3 688 | 20.74% | 0.40% |
| 14 | Tharwa Life | 58 763 | 3 630 | 3 155 | 189 | 1762.54% | 0.32% |
| 15 | Tokio Marine Egypt Family Takaful | 42 291 | 2 612 | 42 293 | 2 529 | 0.00% | 0.23% |
| Total life | 18 476 067 | 1 141 267 | 15 307 834 | 915 409 | 20.70% | 100% | |
* Evolution in local currency
Non-life insurance companies in Egypt: 2020 ranking
In thousands| Rank | Companies | 2020 turnover | 2019 turnover | 2019-2020 evolution* | 2020 shares | ||
|---|---|---|---|---|---|---|---|
| In EGP | In USD | In EGP | In USD | ||||
| 1 | Misr Insurance | 9 341 882 | 577 048 | 8 990 005 | 537 602 | 3.91% | 43.28% |
| 2 | AXA Insurance | 1 580 840 | 97 648 | 1 043 389 | 62 395 | 51.51% | 7.32% |
| 3 | GIG Egypt | 1 314 953 | 81 225 | 1 109 933 | 66 374 | 18.47% | 6.09% |
| 4 | Allianz Insurance Egypt | 1 139 678 | 70 398 | 883 872 | 52 856 | 28.94% | 5.28% |
| 5 | Bupa Egypt | 1 100 640 | 67 987 | 1 085 563 | 64 917 | 1.39% | 5.10% |
| 6 | Suez Canal Insurance | 1 001 006 | 61 832 | 1 006 705 | 60 201 | -0.57% | 4.64% |
| 7 | Orient Takaful Insurance Company | 973 785 | 60 151 | 835 060 | 49 937 | 16.61% | 4.51% |
| 8 | Egyptian Takaful Insurance | 944 386 | 58 335 | 808 393 | 48 342 | 16.82% | 4.38% |
| 9 | Royal Insurance | 602 057 | 37 189 | 544 649 | 32 570 | 10.54% | 2.79% |
| 10 | Delta Insurance | 600 072 | 37 066 | 436 493 | 26 102 | 37.48% | 2.78% |
| 11 | Wethaq Takaful Insurance | 516 661 | 31 914 | 401 462 | 24 007 | 28.69% | 2.39% |
| 12 | Mohandes Insurance Company | 504 143 | 31 141 | 509 974 | 30 497 | -1.14% | 2.34% |
| 13 | Egyptian Saudi Insurance House | 441 254 | 27 256 | 380 650 | 22 763 | 15.92% | 2.04% |
| 14 | AIG Insurance | 245 605 | 15 171 | 248 782 | 14 877 | -1.28% | 1.14% |
| 15 | Iskan Insurance | 223 030 | 13 777 | 325 425 | 19 460 | -31.47% | 1.03% |
| 16 | Co. Operative Insurance Society | 204 126 | 12 609 | 193 569 | 11 575 | 5.45% | 0.95% |
| 17 | Egyptian Takaful Insurance | 194 757 | 12 030 | 211 927 | 12 673 | -8.10% | 0.90% |
| 18 | Tokio Marine Egypt General Takaful | 189 998 | 11 736 | 191 493 | 11 451 | -0.78% | 0.88% |
| 19 | Arope Insurance | 161 726 | 9 990 | 187 028 | 11 184 | -13.53% | 0.75% |
| 20 | Tharwa Insurance | 158 764 | 9 807 | 19 787 | 1 183 | 702.37% | 0.74% |
| 21 | Chubb Insurance | 83 782 | 5 175 | 79 699 | 4 766 | 5.12% | 0.39% |
| 22 | Medgulf Insurance | 33 876 | 2 092 | 237 617 | 14 210 | -85.74% | 0.16% |
| 23 | Export Credit Guarantee Company | 25 497 | 1 575 | 9 011 | 539 | 182.95% | 0.12% |
| 24 | United Insurance** | - | - | 49 783 | 2 977 | - | - |
| Total non life | 21 582 518 | 1 333 152 | 19 790 269 | 1 183 458 | 9.06% | 100% | |
* Evolution in local currency
** United Insurance's license is suspended. The company did not comply with the capitalization requirements
Exchange rate EGP/USD as at 31/12 | 2020 | 2019 |
0.06177 | 0.0598 |
Read also | Egyptian insurance market [4]
