Misr Insurance Registered EGP3.9bln Premiums in FY13/14

Misr General Insurance and Property Company attained EGP3.953 billion direct insurance premiums within the fiscal year of 2013/2014 in compared to EGP3.614 billion in FY12/13 with 9.4% growth rate.

The total reinsurance premiums at June-end estimated at EGP604.8 million against EGP522.5 million at June 2014, registering 15.8% growth rate, the company announced in a statement issued today.

The direct compensation of insurance property which paid by the company reached around EGP1.737 in the last year billion against EGP1.820 billion in FY12/13, retreating with 4.6%.