Allianz Egypt Attains EGP1.28 bln Premiums in FY13

Leading financial service providers,  Allianz Insurance Company-Egypt and Allianz Life Assurance Company-Egypt have attained total premiums of EGP 1.283 billion during the fiscal year of 2012/2013, Amwal Al Ghad has quoted Allianz Egypts’ CFO Ayman Hegazy as saying on Sunday.

Hegazy further stated that during FY 2012/13, Allianz Life Assurance Company-Egypt reported premiums of EGP 1.05 billion; whereas Allianz Insurance Company -Egypt registered premiums worth EGP 231 million.

Total investments in the two firms reached around EGP 3.99 billion by the end of June 2013, Hegazy noted.

He also explained that Allianz Life Assurance Company’s total investments hit EGP 3.512 billion; while the total investments attained by Allianz Insurance Company –Egypt worth EGP 479 million by end of FY2012/13.