Delta Life Insurance Company achieved total premiums worth 274 million pounds during the first quarter of the current fiscal year 2023/2024, compared to 252.9 million pounds during the same period of the fiscal year 2022/2023, with a growth rate of 8.3%.

According to the company's financial statements, the company paid a total of compensation worth 60.6 million pounds during the first three months of the current fiscal year 2023/2024, compared to 49.56 million pounds during the corresponding period of the fiscal year 2022/2023.

The company's insurance activity surplus increased by about 27.2% to record 137.1 million pounds during the first quarter of the current fiscal year 2023/24, compared to 107.7 million pounds during the same period of the last fiscal year.

204.4 million pounds, the company’s total revenues
The company achieved total revenues of 204.4 million pounds during the first quarter of the current fiscal year 2023/2024, while total expenses during that period amounted to about 67.3 million pounds.

The company achieved net profits before taxes of 159.02 million pounds during the first quarter of the current fiscal year 2023/2024, compared to 121.38 million pounds during the first quarter of 2022/2023, with a growth rate of 31%.

The company's net profits after taxes amounted to about 124.66 million pounds during the first quarter of the current fiscal year 2023/2024, compared to 98.07 million pounds during the corresponding period of the fiscal year 2022/2023.

Amending the company’s articles of association and approving an increase in its paid-up capital to 250 million pounds
It is noteworthy that the Financial Supervision Authority has approved the amendment of Articles 6 and 7 of the bylaws of the Delta Life Insurance Company, so that the company’s licensed 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, each worth 4. Pounds, an increase of 50 million pounds, were distributed into 12.5 million shares, each worth 4 pounds, fully paid.

According to the decision of Dr. Mohamed Farid, Chairman of the Authority, issued No. 537 of 2023, all shares of Delta Life Insurance Company are nominal, and the company’s capital consists of 62.5 million shares. The founders and subscribers to the company’s capital have subscribed to 62.5 million shares, valued at 250 million pounds.
The company's capital was increased by shareholders' share set aside from dividends by an amount of 50 million pounds, bringing the total amount of the increase in the company's issued and paid-up capital through bonus shares to 50 million pounds financed by dividends, thus increasing the company's issued and paid-up capital from 200 million pounds to 250 million pounds. fairy.

Delta Insurance owns 99.9% of the shares of Delta Life Insurance Company, while individuals own 0.1%.
It is noteworthy that Delta Life Insurance Company is an Egyptian joint stock company, subject to the supervision of the Financial Supervision Authority and registered under No. 32 in the insurance company’s registry. It began operating in the Egyptian insurance market in 1981, and as a result of the issuance of the law separating life and general insurance activities, Delta Life Insurance Company became independent from The parent company is Delta Insurance, as of July 1, 2013.