Misr Life Insurance Achieves Premiums Of EGP 1.6 Bln In FY 2011/12

Misr Life Insurance Company achieved premiums of EGP 1.6 billion in FY 2011/2012, compared to EGP 1.4 billion in FY 2010/2011, with an increase of 10%.

The company also achieved revenues of about EGP 3 billion during the last fiscal year, compared to EGP 2.7 billion at the end of FY 2010/2011, registering a growth rate of 12%.

The value of the company’s investments reached about EGP 14 billion at the end of last June, compared to EGP 12.6 billion at the end of June 2011, registering an increase of 11%.

The company’s net investment income registered EGP 13.5 billion at the end of last fiscal year, compared to EGP 10.3 billion at the end of FY 2010/2011, with a growth rate of 32%.

Misr Life Insurance Company’s general assembly named Dr. Saeed Gabr as chairman of the company following Sadek Hassan.