Delta Insurance witnessed a significant surge in direct premiums during the first three months of the 2024/2025 fiscal year (July to September). The total value of direct premiums reached approximately EGP 953.1 million, compared to EGP 639.7 million in the same period of the 2023 fiscal year. This growth of EGP 313.4 million (a 49% increase) is attributed to the company’s expansion in insurance operations and a growing customer base.
Pre-Tax Profits:
The company achieved EGP 345.2 million in gross pre-tax profits, compared to EGP 225 million in the first quarter of the 2023 fiscal year, representing an increase of EGP 120.2 million and a growth rate of 53.4%.
Net Profits After Taxes:
The net profits (after taxes) amounted to EGP 259.5 million, compared to EGP 175.3 million during the same period last fiscal year, reflecting an increase of EGP 84.2 million and a growth rate of 48%.
The insurance activity surplus shared between Delta Insurance and Delta Life Insurance recorded significant growth, reaching EGP 317.5 million, compared to EGP 198.3 million in the first quarter of the previous fiscal year. This represents an increase of EGP 119.2 million (a 60.1% growth rate).
Delta Insurance (Property):
The surplus of property insurance activities grew by 48.9%, reaching EGP 90.4 million, compared to EGP 60.7 million in the first quarter of the previous fiscal year.
Delta Life Insurance:
The surplus of life insurance activities achieved a higher growth rate of 65.1%, amounting to EGP 227.2 million, compared to EGP 137.6 million in the same period last year.
The financial performance of Delta Insurance and its subsidiary reflects remarkable strength and growth during the first quarter of the 2024/2025 fiscal year. This success is attributed to effective expansion strategies, increased demand for insurance products, and improved operational efficiency. These results highlight the company’s commitment to enhancing its services and strengthening its leadership position in the Egyptian insurance market.
