Atef Al-Zibak, Managing Director of Delta Life Insurance Company, revealed that the company achieved 325 million pounds in total premiums during the first half of the current fiscal year 2022/2023, compared to 220 million pounds during the corresponding period of the last fiscal year 2021/2022, with a growth rate of 47.7%.

Al-Zebak explained in exclusive statements to “Amwal Al-Ghad” that the company’s insurance activity surplus rose by about 79% to record 145 million pounds during the first 6 months of the current fiscal year 2022/2023, compared to 81 million pounds during the corresponding period of the last fiscal year.

He pointed out that the company's profits recorded about 143 million pounds during the first half of the current fiscal year 2022/2023, compared to 80 million pounds during the same period of the last fiscal year, with a growth rate of 78%.

Al-Zebak added that the company’s general assembly agreed during its last meeting to increase the company’s paid-up capital to 250 million pounds, explaining that it was decided to finance the increase in the company’s capital amounting to 50 million pounds from the company’s retained dividends through bonus shares.

He pointed out that strengthening financial solvency represents a major support for increasing the company's business volume in the market in the coming period, explaining that the company's strategy during the next stage is based on diversifying our insurance portfolio and offering new products, in addition to working on geographical expansion to increase the company's customer base.

He noted that this comes in parallel with the company's implementation of digital transformation to keep pace with global developments in the insurance industry and in line with the state's vision for the coming period, indicating the company's intention to work on the technical and administrative development of the company. In addition to strengthening the company's financial solvency and increasing its technical allocations.

It is noteworthy that Delta Insurance Company owns 99.9% of the shares of Delta Life Insurance Company, while individuals own 0.1%.