Qatar:Qatar Re sees net profit surge by 52% to US$38 mln in 2016

26 Feb 2017

Bermuda-based Qatar Re, the reinsurance arm of Qatar Insurance Company, has reported a 52.3% jump in net income to US$38.0 million for 2016, compared with $25.0 million for 2015, largely driven by a strong improvement in net investment income which experienced a three-fold increase from $10.7 million in 2015 to $32.7 million in 2016.

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