Misr Insurance Attains EGP2.9bln Direct Premiums in 9 Months Surge by 8.2%

Misr General Insurance and Property Company succeeded in attaining EGP2.91 billion direct premiums within the first 9 months of the current fiscal year of 2013/2014, against EGP2.69 billion in the same period of the previous year, move up by 8.2% growth rate.

The company explained in a statement today that the volume of the coming reinsurance premiums within the first nine months of the fiscal year of 2013/2014 reached up EGP356.7 million, compared to EGP326.8 million in the same period of the previous year of 2013, move up by 9.1%.

The total value of the direct paid up compensations for the company’s clients declined with EGP1.2 billion in the last 9 months compared to EGP1.3 billion in the same period of last year, fell by 10.2%.

Furthermore, Misr Company for real estate assets achieved EGP134.3 million revenues in the first 9 months of the ongoing year, against EGP105 million in the same period of 2013, with 28% growth rate.