QLM posts robust 67% y-o-y jump in first-quarter net profit

QLM chairman Sheikh Saoud bin Khalid bin Hamad al-Thani

Qatar’s leading life and medical insurer earned a Q1 net profit of QR25.1mn while gross written premium for first quarter was QR299.8mn; QLM declared an interim dividend of QR0.04 per share Qatar’s leading life and medical insurer, QLM Life & Medical Insurance Company posted “strong” first quarter 2021 results, earning a net profit of QR25.1mn or QR0.07 per share, compared with QR15mn, or QR0.04 per share for first quarter 2020. This represents a “robust” growth of 67%, QLM announced on Monday. QLM chairman Sheikh Saoud bin Khalid bin Hamad al-Thani said, “Today, Qatar, the MENA region and the rest of the world are continuing to face the Covid-19 health crisis, and QLM is aware of the many challenges that our clients, members, and communities are tackling. QLM remains fully prepared to continue to meet the needs of our customers, members and partners during these challenging times.