Misr Insurance posts $318.7 mln premiums in H1-FY2018/19

Egypt’s state-run Misr Insurance succeeded in achieving premiums of 5.5 billion Egyptian pounds ($318.7 million) during the first half of financial year 2018/2019.

Direct premiums seized 84 percent of the total premiums to record 4.682 billion pounds, while reinsurance premiums reached 873 million pounds, the firm’s financial statements announced on Tuesday.

During the first six months of the current financial year, Misr insurance paid compensation worth around 2.499 million pounds for their clients.