Egypt’s Delta Life Assurance paid compensations hit EGP 123 million in 9 months – sources

By Eslam Abdelhameed On Jun 14, 2020

Atef El-Zeibak, managing director of Egypt's Delta Life Assurance

Egypt’s Delta Life Assurance paid compensation worth 123.3 million Egyptian pounds ($7.6 million) to its clients during the first nine months of the 2019/2020 financial year, according to sources.

“We posted profits totalling 55 million pounds during the first nine months of the current financial year,” official sources in the company told Amwal Al Ghad on Sunday.

The company generated surplus from insurance activity estimated at 46 million pounds during the first nine months of this financial year, marking a 39 percent growth, they said.