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Market: Qatar Symbol: QISI ISIN: QA0006929861 Industry: Insurance

With a humble beginning in 1995, QIIC is now listed on Qatar Stock Exchange and is among the leading insurance companies in State of Qatar providing insurance protection to large commercial undertakings, both in the private and public sectors, that include government offices, banking institutions, hotels and other organizations of high standing as well as to many infrastructure projects.

The Paid up capital rose from QAR 20 million to QAR 150 million by way of bonus shares only and our assets grew manifolds to reach almost a billion Qatari riyals.

Managed by a team of qualified and experienced professionals and supervised by a distinguished Board of Directors, QIIC has the capacity to underwrite risks in all avenues of Insurance namely, Property (Fire, Engineering & Project Insurance), Marine, Motor, Liabilities, Life, Medical, etc.

QIIC has arrangements with renowned and financially sound reinsurance/retakaful companies enabling it to offer comprehensive coverage for large corporate groups and projects.

QIIC is a participating insurer in the Qatar Rail Projects, Ashghal’s Owner Controlled Insurance Program (OCIP) as a member of the National Insurance Consortium (NIC) and is leading the NIC on OCIP for Construction of Stadia for Qatar FIFA 2022 World Cup.

QIIC has been assigned IFS rating of B++ with stable outlook by AM Best which reflects both the stand-alone fundamentals as well as incorporating the benefits the company derives from its shareholders.

In addition QIIC has won many international and regional awards notably Family Takaful Company of the Year and General Takaful Company of the year 2014 at inaugural Middle East Insurance Industry Awards, Dubai, Only insurance company in the prestigious Qatar Today’s Top 10 list, 2016 and Family Takaful Company of the year 2016 at 3rd Middle East Insurance Industry Awards and Best Takaful Company in the Middle East at International Takaful Awards 2017 in London.

Share data 28/06/2022
Currency QAR Volume 96,389
Previous Close 8.255 Number of Shares (mln) 150.00
Change (%) -1.73 Market Cap (mln) 1,238.25
Key Figures (QAR) 2019 2020 2021
Income Statement      
Revenue
126,249,395 116,416,824 132,739,617
Expenses (53,574,142) (40,689,289) (52,629,165)
Net Income 72,675,253 75,727,535 80,110,452
Statement of policyholders' revenues and expenses      
Takaful revenues 184,384,570 266,028,720 255,779,543
Takaful Expenses 168,757,752 86,898,440 75,886,004
Net Surplus for the year 12,173,613 73,476,887 44,659,932
Statement of Financial Position      
Total assets 1,170,153,158 1,095,157,102 1,132,024,976
Total policyholder's equity and liabilities 752,770,998 663,111,592 669,708,941
Total shareholders' liabilities and equity 417,382,160 432,045,510 462,316,035
Statement of cash flows      
Net cash generated from operating activities 95,192,329 89,520,809 143,038,111
Net cash generated/(used) in investing activities (81,291,969) 6,779 (81,813,335)
Net cash used in financing activities (86,145,852) (76,911,294) (63,475,457)
Key indicators (QR)      
Basic earnings per share 0.48 0.50 0.53