15 Feb 2021 - 8:47
The Peninsula
Doha: Qatar Insurance Group’s, the leading insurer in the MENA region, gross written premiums for the year have remained stable at QR12.20bn, compared to QR12.06bn for 2019. The Group yesterday announced its financial results for 2020.
Following a meeting of the Board of Directors, which was presided over by Abdulla bin Khalifa Al Attiya, Deputy Chairman, the Board approved the financial results for year 2020.
The year 2020 was one of the most challenging year for the global insurance industry. While QIC Group’s international business was impacted by global losses arising from the COVID-19 pandemic and from catastrophe losses, Mena insurance operations once again delivered an outstanding performance during the year. The COVID-19 pandemic enforced strict lockdown measures helped to maintain satisfactory performance, as motor and medical lines of business saw reduced claims activity.
(7.7)% 48.7% 43.6% 7.7% 325 Total return (in percentage terms) on 98.7p invested at inception excluding warrants. Value shown is from 31/03/1996 the date the funds were globalised. 90.9p is CGT base subscription price for shareholders adjusting for warrants which were issued on a 1 for 5 basis. Includes 9 convertible bonds. These figures are not audited At 29th January 2021 the Net Asset Value including current year income was £1,569.7m (£1,574.9m excluding current year income). Income is shown net of expenses. There are 65,644,418 shares currently in issue. This Report has been issued on behalf of Herald Investment Trust plc, and has been approved by Herald Investment Management Limited, its investment manager. Herald Investment Management Limited is authorised and regu
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Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;