Egypt’s Misr Insurance investments rise 13.2% in FY2017/18

The total investments of Egypt’s state-owned Misr Insurance Holding and its subsidiaries increased 13.2 percent to 65.4 billion Egyptian pounds ($3.73 billion) during the financial year 2017/2018.

Misr Insurance’s revenue rose 53.3 percent to 1.744 billion pounds during the financial year 2017/2018, according to the Middle East News Agency (MENA).

Net profit went up by 56.6 percent to 1.45 billion pounds.

The insurer’s subsidiaries revenues jumped 15.8 percent to 16 billion pounds during the last financial year, while the three firms’ net profit reached 3.204 billion pounds.