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Islamic Finance Briefing - Categorized | Insurance (Takaful), Performance more

Qatar insurers’ performance lacklustre in Q1

Posted on 26 April 2011

Listed insurance companies displayed a lacklustre performance in the first three months of this year with the sector’s cumulative net profits declining 12% compared to a robust 19% jump in the previous-year period.
Three of the five insurance companies witnessed slippages in their net profitability, while only one managed to see double-digit growth, according to Qatar Exchange data. The sector’s cumulative net profit stood at QR322.46mn during the January-March period this year compared to QR367.92mn in the year-ago period……………………………………….Full Article: Source

 
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