Fitch Ratings affirms Misr Insurance Company's financial strength rating

Fitch Ratings has confirmed Misr Insurance Company's "AA+ (egy)" domestic financial strength (IFS) rating. The outlook is stable.

The rating reflects the company's national status, strong balance sheet, prudent investment strategy, solid capitalization, financial performance and market leadership with a 38% market share.

Fitch expects Misr Insurance Company to close the 2023 financial year with a turnover of 653 million USD.

*Financial year ending June