Increasing 2013 profit for Qatar General Insurance and Reinsurance

Qatar General Insurance and Reinsurance (QGIRC) has posted 2.13 billion QAR (585 million USD) in net profit over the 12 month-period of 2013. Gross written premiums jumped by 12% to 560.23 million QAR (154 million USD), 92 % of which from the local markets and 8% from United Arab Emirates.

The outstanding profit reported in 2013 came from gains on cessions of assets, realized in 2013 for an amount of 2.039 billion QAR (560 million USD).