Arab Reinsurance Reports EGP 5.4 Mln Profit In 2011

By Administrator On Jul 9, 2012

Arab Reinsurance Company’s profit reached EGP 5.496 million in 2011. The company transferred 10% of profit, EGP 546,682, to capital reserves and approved distributing cash dividend of 5% of the capital to shareholders amounting to EGP 3.750 million, in addition to increasing its capital to EGP 75 million at the end of 2011.

The reinsurance commission and profit share revenues registered EGP 2.552 million in 2011, down from EGP 3.438 million in 2010, with a decrease of 26%.

Shareholders’ equity reached about EGP 99.571 million in 2011, up from EGP 85.986 million in 2010, with an increase of 16%.

The reinsurance paid commission reached about EGP 1.639 million in 2011, down from EGP 1.916 million in 2010. The value of insurance contracts reached EGP 105.121 million in 2011, up from 104.776 million in 2010.