QIC Group net profit jumps 210% to QR205mn in first quarter

Khalifa Abdulla Turki al- Subaey, Group President, QIC Group

* MENA region leading insurer's gross premium volume remained stable at QR3.2bn in first quarter MENA region’s leading insurer Qatar Insurance Company (QIC) reported robust results with a net profit of QR205mn for the first quarter of 2021 as compared to a loss of QR186mn in Q1, 2020. Gross premium volume remained stable at QR3.2bn in the first quarter of the year. QIC posted an underwriting income of QR157mn for the first quarter, compared to an underwriting loss of QR69mn in Q1, 2020, an increase of 329%.