During the first 9 months of the fiscal year 2022 / 2023:

Delta Life Assurance achieved total direct premiums of EGP 395.6m during the first 9 months of the last fiscal year 2022/23, compared to EGP 285.7m during the corresponding period of the previous fiscal year 2021/2022, with a growth rate of .38.4%.

According to the company’s independent financial statements, the premiums for issued reinsurance amounted to about 38.9 million pounds during the first 9 months of the fiscal year 2022/2023, and the premiums for documents related to investment units amounted to about 250.02 million pounds during that period, and the company’s net premiums increased by about 331.7 million pounds during the 9 months. The first months of the fiscal year 2022/23, compared to EGP 226.16 million during the same period of the fiscal year 2021/2022, with a growth rate of 46.6%. million pounds during the corresponding period of the fiscal year 2021/2022, with a growth rate of .50.4%. Net income from unallocated investments without return on investment units amounted to about 45.9 million pounds, during a growth of .83%.

In his remarks, which he singled out for “The World Today,” Dr. Atef El-Zebaq, that the Financial Supervisory Authority had 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 pounds, and the company’s issued capital was set at 250 million pounds, distributed over 62.5 million shares, the value of one. 4 pounds, an increase of 50 million pounds, distributed over 12.5 million shares, each valued at 4 pounds, paid in full.

According to the decision of Dr. Mohamed Farid Saleh, Chairman of the Authority issued No. 537 of 2023. All shares of the Delta Life Assurance Company are nominal, and the company’s capital consists of 62.5 million shares. The founders and subscribers have subscribed to the company’s capital with 62.5 million shares, with a value of 250 million pounds. The company's capital has been increased - said Dr. Mercury - according to the shareholders’ share set aside from the dividends in the amount of 50 million pounds, so that the total amount of the company’s issued and paid capital increase is through bonus shares of 50 million pounds funded by dividends, thus increasing the company's issued and paid-up capital from 200 million pounds to 250 million pounds. It is worth noting that Delta Insurance acquires 99.9% of the shares of Delta Life Assurance Company, while individuals acquire 0.1% and that Delta Life Assurance Company is an Egyptian joint stock company, subject to the supervision of the Financial Regulatory Authority and registered under No. 32 in the Insurance Companies Register. Working in the Egyptian insurance market in 1981, and as a result of the issuance of a law separating the activity of life and general insurance, Delta Life Assurance became independent from the parent company, Delta Insurance, as of the first of July 2018.