Misr Life Insurance Attained EGP253mn Net Profits in 2013

Misr Life Insurance Company attained EGP253.8 million net profits at the end of last June in compared to EGP70.9 million in June 2013, move up by 258.0% growth rates, Saeed Gabr Chairman of the Exective Council said.

The total value of the company’s premiums reached around EGP2.3 billion against EGP1.9 billion, registering 20.5% in compared to the last year, Gabr asserted.

Misr Life’s investments inched to EGP16.6 billion in June 2014 from EGP14.9 billion in the last year, move up by 11.6% growth rates while policyholders rights surged by 6.9% within 2014/2015 to become EGP15.1 billion in compared to EGP14.2 billion in the last year, Gabr stressed.

Meanwhile, Misr Holding Insurance conducted amendments in the company’s board of directors during the meeting of General Assembly yesterday.