Compensation paid by Egypt’s Delta Life Assurance 14% up in FY2020 – sources

Compensation paid to clients by Egypt’s Delta Life Assurance rose 14 percent year-on-year during the 2019/2020 financial year, according to sources.

Compensation recorded 152 million Egyptian pounds ($9.6 million), up from 133.3 million pounds during the 2018/2019 financial year.

The company posted total premium portfolio worth 240 million pounds during the last financial year versus 215.8 million pounds a year earlier, marking an 11.2 percent growth, official sources further told Amwal Al Ghad on Saturday.