The total assets of the Delta Life Assurance Company increased to 2.23 billion EGP at the end of last December, compared to 1.93 billion EGP at the end of June 2022, a growth rate of 15.7%, according to statements by Atef El-Zaybak, the company’s managing director.

Al-Zaybak added, in exclusive statements, that the company's total investments recorded about EGP 2.1 billion at the end of last December, compared to about EGP 1.8 billion at the end of June 2022, with a growth rate of 16.6%.

He pointed out that the company achieved 325 million EGP in total installments during the first half of the current fiscal year 2022/2023, compared to 220 million EGP during the corresponding period of the last fiscal year 2021/2022, with a growth rate of 47.7%.

Al-Zaybak explained that the company’s insurance surplus increased by 79%, to record 145 million EGP during the first 6 months of the current fiscal year 2022/2023, compared to 81 million EGP during the corresponding period of the last fiscal year.

Al-Zibaq stated that the company's general assembly agreed during its last meeting to increase the company's paid-up capital to 250 million EGP , explaining that it was decided to finance the increase in the company's capital, amounting to 50 million EGP, from dividends carried over by the company through bonus shares.

He pointed out that strengthening the financial solvency represents a major support for increasing the volume of the company's business in the market in the coming period, explaining that the company is based in its strategy during the next stage on diversifying our insurance portfolio and introducing 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 implementation of the company's 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 financial solvency of the company and increasing its technical allocations.

It is noteworthy that the Delta Insurance Company acquires 99.9% of the shares of the Delta Life Assurance Company, while individuals acquire 0.1%.

The Financial Regulatory Authority had approved increasing the issued and paid-up capital of Delta Life Assurance Company to 250 million EGP.

The authority agreed to amend Articles 6 and 7 of the Articles of Association of the Delta Life Assurance Company, so that the company’s authorized capital was set at 300 million EGP, and the company’s issued capital was set at 250 million EGP, distributed over 62.5 million shares, each valued at 4 EGP, with an increase of 50 million. EGP, distributed over 12.5 million shares, each valued at EGP 4, paid in full.