Atef El-Zibaq, Managing Director of Delta Life Assurance , revealed that the company's total assets increased to 1.656 billion EGP by the end of June 2021, compared to 1.441 billion EGP during the same period in 2020, with a growth rate of 15%.

He pointed to an increase in the company's technical allocations by 125 million EGP, to reach 1.306 billion EGP by the end of June 2021; compared to EGP 1.181 billion at the end of the first half of 2020, with a growth rate of 11%.

278 million EGP in installments achieved during 2020/2021

He explained that the company achieved total collected installments of EGP 278m during the last fiscal year 2020/2021, compared to EGP 243m during the previous fiscal year 2019/2020, with a growth rate of 14%.

It is noteworthy that Delta Life Assurance Company aims to achieve a total portfolio of installments of EGP 350 million, an installment portfolio during the current fiscal year 2021/22, with a targeted growth rate of 25%.

The Financial Regulatory Authority had approved increasing the issued and paid-up capital of Delta Life Assurance Company through free shares of 20 million EGP funded by dividends, thus increasing the company's issued and paid-up capital from 130 million EGP to 150 million EGP.