Misr Insurance Attains EGP2.6 bln Premiums in 8 Months with 6.6% Growth Rate

Misr General and Property Insurance succeeded in achieving EGP2.641 billion size of direct premiums during the first 8 months of the current fiscal year of 2013/2014 , compared to EGP2.5 billion during the corresponding period of the previous fiscal year with 6.6%  growth rate.

The company explained in a statement today that the reinsurance premiums of first 8 months reached EGP295.8 million, against EGP278.5 million in the same period, with 6.2% growth rate.

It added that the total value of direct paid compensations for clients fell by EGP1 billion in the last 8 months compared to EGP1.2 billion in the same period of the previous fiscal year, with 10.1% decline.

Moreover, Misr Real Estate Assets company attained EGP114.9 revenues within the first 8 months of the current fiscal year of 2013/2014, compared to EGP98.7 million in the corresponding period of the last year, with 16.5% growth rate.