Life insurance companies in Egypt
In thousands
Life companies | 2022 turnover | 2021 turnover | 2021-2022 evolution (1) | 2022 shares | ||
---|---|---|---|---|---|---|
EGP | USD | EGP | USD | |||
Misr Life Insurance Company | 9 099 934 | 483 297 | 7 652 574 | 487 239 | 18.91% | 31.60% |
Allianz Life Egypt | 6 118 957 | 324 978 | 5 042 720 | 321 070 | 21.34% | 21.25% |
Metlife Egypt | 4 992 729 | 265 164 | 4 085 402 | 260 118 | 22.21% | 17.34% |
AXA Life Egypt | 3 966 275 | 210 649 | 3 308 188 | 210 632 | 19.89% | 13.77% |
GIG Life Egypt (2) | 1 161 084 | 61 665 | 923 045 | 58 770 | 25.79% | 4.03% |
QNB Alahli Life Insurance | 1 113 327 | 59 129 | 933 680 | 59 448 | 19.24% | 3.87% |
Suez Canal Life Insurance | 576 236 | 30 604 | 673 136 | 42 859 | -14.40% | 2.00% |
Libano-Suisse Takaful | 334 205 | 17 750 | 261 861 | 16 673 | 27.63% | 1.16% |
Sarwa Life | 326 587 | 17 345 | 106 508 | 6 781 | 206.63% | 1.13% |
Delta Life Assurance | 324 868 | 17 254 | 272 968 | 17 380 | 19.01% | 1.13% |
Chubb Life Egypt | 306 642 | 16 286 | 267 133 | 17 008 | 14.79% | 1.06% |
Mohandes Life Insurance Company | 140 303 | 7 451 | 103 312 | 6 578 | 35.81% | 0.49% |
Misr Emirates Takaful Life Insurance | 129 705 | 6 889 | 207 151 | 13 189 | -37.39% | 0.45% |
Arope Life Insurance | 105 563 | 5 606 | 88 483 | 5 634 | 19.30% | 0.37% |
KAF Life Takaful Insurance (3) | 95 373 | 5 065 | 49 410 | 3 146 | 93.02% | 0.33% |
Wafa Life Insurance | 7 289 | 387 | - | - | - | 0.02% |
Total life (4) | 28 799 077 | 1 529 519 | 23 975 571 | 1 526 525 | 20.12% | 100% |
(1) Growth rate in local currency
(2) Ex. Egyptian Life Takaful
(3) Ex. Tokyo Marine Family Takaful
(4) Excluding acceptances
Financial year at the end of June
Non-life insurance companies in Egypt
In thousands
Non-life companies | 2022 turnover | 2021 turnover | 2021-2022 evolution (1) | 2022 shares | ||
---|---|---|---|---|---|---|
EGP | USD | EGP | USD | |||
Misr Insurance | 10 387 566 | 551 684 | 9 590 554 | 610 631 | 8.31% | 38.09% |
GIG Egypt | 2 002 890 | 106 373 | 1 463 391 | 93 174 | 36.87% | 7.34% |
Orient Takaful Insurance Company | 1 866 164 | 99 112 | 1 283 501 | 81 720 | 45.40% | 6.84% |
Allianz Insurance Egypt | 1 848 312 | 98 164 | 1 237 482 | 78 790 | 49.36% | 6.78% |
Bupa Egypt | 1 346 059 | 71 489 | 1 126 780 | 71 742 | 19.46% | 4.94% |
Suez Canal Insurance | 1 322 940 | 70 261 | 1 114 279 | 70 946 | 18.73% | 4.85% |
AXA Insurance | 1 133 607 | 60 206 | 1 592 756 | 101 411 | -28.83% | 4.16% |
Egyptian Takaful Insurance | 1 071 762 | 56 921 | 974 526 | 62 048 | 9.98% | 3.93% |
Royal Insurance | 1 064 754 | 56 549 | 801 402 | 51 025 | 32.86% | 3.90% |
Delta Insurance | 868 667 | 46 135 | 736 954 | 46 922 | 17.87% | 3.19% |
Wethaq Takaful Insurance | 718 527 | 38 161 | 601 330 | 38 287 | 19.49% | 2.63% |
Mohandes Insurance Company | 718 351 | 38 152 | 545 164 | 34 711 | 31.77% | 2.63% |
Egyptian Saudi Insurance House | 563 325 | 29 918 | 543 340 | 34 594 | 3.68% | 2.07% |
Sarwa Insurance | 440 587 | 23 400 | 300 308 | 19 121 | 46.71% | 1.62% |
Co. Operative Insurance Society | 333 901 | 17 733 | 275 059 | 17 513 | 21.39% | 1.22% |
Egyptian Takaful Insurance | 305 007 | 16 199 | 219 620 | 13 983 | 38.88% | 1.12% |
Arope Insurance | 269 024 | 14 288 | 179 125 | 11 405 | 50.19% | 0.99% |
Iskan Insurance | 262 452 | 13 939 | 231 521 | 14 741 | 13.36% | 0.96% |
Tokio Marine Egypt General Takaful | 236 684 | 12 570 | 220 498 | 14 039 | 7.34% | 0.87% |
Mada Insurance | 180 001 | 9 560 | 70 240 | 4 472 | 156.27% | 0.66% |
AIG Insurance | 147 430 | 7 830 | 203 001 | 12 925 | -27.37% | 0.54% |
Al Wataniya Insurance | 114 623 | 6 088 | 25 945 | 1 652 | 341.79% | 0.42% |
Chubb Insurance | 68 207 | 3 622 | 68 968 | 4 391 | -1.10% | 0.25% |
Total non-life | 27 270 840 | 1 448 354 | 23 405 744 | 1 490 243 | 16.51% | 100% |
(1) Growth rate in local currency
Financial year at the end of June
Source : Financial Regulatory Authority. Egypt
Exchange rate as at 30/06/2022 : 1 EGP = 0.05311 USD : as at 30/06/2021 : 1 EGP = 0.06367 USD
Read also | Egyptian insurance market [4]