Insurance companies in Egypt: 2021 ranking per GWP

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Jul 2022

Life insurance companies in Egypt: 2021 ranking

In thousands

Rank	Companies	2021 turnover		2020 turnover		2020-2021 evolution *	2021 shares
Rank	Companies	EGP	USD	EGP	USD	2020-2021 evolution *	2021 shares
1	Misr Life Insurance Company	7 652 574	487 239	4 961 503	306 472	54.24%	31.92%
2	Allianz Life Egypt	5 042 720	321 070	4 216 677	260 464	19.59%	21.03%
3	Metlife Egypt	4 085 402	260 118	3 685 876	227 677	10.84%	17.04%
4	AXA Life Egypt	3 308 188	210 632	2 529 557	156 251	30.78%	13.80%
5	QNB Alahli Life Insurance	933 680	59 447	735 854	45 454	26.88%	3.90%
6	Egyptian Life Takaful Insurance	923 044	58 770	632 883	39 093	45.85%	3.85%
7	Suez Canal Life Insurance	673 136	42 859	560 355	34 613	20.13%	2.81%
8	Libano-Suisse Takaful	261 861	16 673	255 706	15 795	2.41%	1.09%
9	Chubb Life Egypt	267 133	17 008	242 958	15 008	9.95%	1.11%
10	Delta Life Assurance	272 968	17 380	241 067	14 891	13.23%	1.14%
11	Misr Emirates Takaful Life Insurance	207 151	13 189	147 046	9 083	40.87%	0.86%
12	Mohandes Life Insurance Company	103 312	6 578	91 077	5 626	13.43%	0.43%
13	Arope Life Insurance	88 483	5 634	74 454	4 599	18.84%	0.37%
14	Sarwa Life	106 508	6 781	58 763	3 630	81.25%	0.44%
15	KAF Life Takaful Insurance ⁽¹⁾	49 410	3 147	42 291	2 611	16.83%	0.21%
Total life		23 975 570	1 526 525	18 476 067	1 141 267	29.77%	100%

* Growth rate in local currency
⁽¹⁾ Ex. Tokyo Marine Family Takaful

Non-life insurance companies in Egypt: 2021 ranking

In thousands

Rank	Companies	2021 turnover		2020 turnover		2020-2021 evolution *	2021 shares
Rank	Companies	EGP	USD	EGP	USD	2020-2021 evolution *	2021 shares
1	Misr Insurance	9 590 554	610 631	9 341 882	577 048	2.66%	40.85%
2	AXA Insurance	1 592 756	101 411	1 580 840	97 648	0.75%	6.79%
3	GIG Egypt	1 463 391	93 174	1 314 953	81 225	11.29%	6.23%
4	Allianz Insurance Egypt	1 237 482	78 790	1 139 678	70 398	8.58%	5.27%
5	Bupa Egypt	1 126 780	71 742	1 100 640	67 987	2.37%	4.80%
6	Suez Canal Insurance	1 114 279	70 946	1 001 006	61 832	11.32%	4.75%
7	Orient Takaful Insurance Co.	1 283 501	81 721	973 785	60 151	31.81%	5.47%
8	Egyptian Takaful Insurance	974 526	62 048	932 631	57 609	4.49%	4.15%
9	Royal Insurance	801 402	51 025	602 057	37 189	33.11%	3.41%
10	Delta Insurance	736 954	46 922	600 072	37 066	22.81%	3.14%
11	Wethaq Takaful Insurance	601 330	38 287	516 661	31 914	16.39%	2.56%
12	Mohandes Insurance Company	545 164	34 711	504 143	31 141	8.14%	2.32%
13	Egyptian Saudi Insurance House	543 340	34 594	441 254	27 256	23.14%	2.31%
14	AIG Insurance	203 001	12 925	245 605	15 171	-17.35%	0.87%
15	Iskan Insurance	231 521	14 741	223 030	13 777	3.81%	0.99%
16	Co. Operative Insurance Society	275 059	17 513	204 126	12 609	34.75%	1.17%
17	Egyptian Takaful Insurance	219 620	13 983	194 757	12 030	12.77%	0.94%
18	Tokio Marine Egypt General Takaful	220 498	14 039	189 998	11 736	16.05%	0.94%
19	Arope Insurance	179 125	11 405	161 726	9 990	10.76%	0.76%
20	Sarwa Insurance	300 308	19 121	158 764	9 807	89.15%	1.28%
21	Chubb Insurance	68 968	4 391	83 782	5 175	-17.68%	0.29%
22	Export Credit Guarantee Co.	70 027	4 459	25 497	1 574	174.65%	0.30%
23	Al Wataniya Insurance	25 945	1 652	-	-	-	0.11%
24	Mada Insurance	70 240	4 471	-	-	-	0.30%
25	Medgulf Insurance ⁽¹⁾	-	-	-	-	-	-
Total non-life		23 475 771	1 494 702	21 536 887	1 330 333	9.00%	100%

* Growth rate in local currency
⁽¹⁾ Data unavailable for Medgulf Insurance

Exchange rate EGP/USD as at 31/12	2021	2020
Exchange rate EGP/USD as at 31/12	0.06367	0.06177

Read also | Egyptian insurance market [4]