Arab Insurance GIG Attains EGP278mln Underwriten Premiums in FY13/14

Arab Misr Insurance Group (GIG) succeeded in attaining EGP278million as a total value of underwritten premiums within the first 9 months of the fiscal ongoing year of 2013/2014, Mr. Alaa Mohamed El-Zohairy, Managing Director.

Speaking to Amwal Al Ghad Arabic’s Website, El-Zohairy explained that the total paid up compensations for GIG’s clients reached up around EGP101million during the current year.

El Zohairy noted that GIG attained surplus insurance activity up EGP50.4million at the end of the third quarter of this year.

GIG achieved EGP51.5million net profits in the first 9 months of the current year, El Zohairy added.

The total investments of the company reached EGP460million at the end of March, pointing out that the net income of these investments up EGP49million at the end of the FY13/14.

The total company’s assets up about EGP626million at March-end , stressing that the total rights of Shareholders reached EGP207million.