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Mohandes Insurance Co. achieves premiums of EGP 500m in FY 2018/19 - Daily News Egypt

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Mohandes Insurance Co. achieves premiums of EGP 500m in FY 2018/19

Company’s net profit reaches EGP 102.2m in last FY


Mohandes Insurance Company announced in a press release that it achieved direct premiums of EGP 500.02m during the fiscal year (FY) 2018/19, up from EGP 423.92m in the previous FY, an increase of about 18%.

Moreover, Mohandes’ net investment income increased to EGP 120.02m until the end of June, compared to EGP 97.04m during the same period last year, a growth of 23.7%.

The company also unveiled it achieved EGP 102.2m net profit in the last FY, compared to EGP 80.13m in FY 2017/18, a hike of 27.6%.

The surplus of the company’s insurance activity increased significantly during the last fiscal year to reach EGP 100,05m, up from EGP 75.36m in FY 2017/18, an increase of 32.7%.

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https://dailyfeed.dailynewsegypt.com/2019/08/15/mohandes-insurance-co-achieves-premiums-of-egp-500m-in-fy-2018-19/
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