Qatar Insurance Company (QIC) has reported a net profit of QR415mn during the first half of 2013, an increase of 37% compared to the same period last year.
Gross premium stood at QR2.051bn compared to QR1.46bn in 2012.
Insurance revenue at QR245mn witnessed a substantial increase of 124% against the QR109mn in the first half of 2012.
Investment income this year grew to QR370mn, a rise of 17% compared with QR315mn in 2012.
Total shareholders’ equity rose to QR4.75bn from QR3.62bn as on December 31 last year.
Invested assets reached QR7.78bn as on 30 June 2013 from QR5.57bn a year ago.