QIC's profits are up by 9%

Qatar Insurance (QIC) has posted a net profit of 162 million USD for 2010. It is 9% higher than that of 2009. The gross written premiums were stable at 590.9 million USD and the underwriting results have risen from a surplus of 108.4 million USD in 2009 to 116.9 million USD in 2010.
The result of investments and other income rose by 18% at 112.65 million USD. The company's assets amounted to 1.99 billion USD. The market capitalization amounted to 966.7 million USD.