The share of the Qatar General Insurance and Reinsurance Company in the Qatar Stock Exchange ascended by 3.53% during the stock exchange trading today, Tuesday, to trade at the price of 1.10 riyals per share, after the results of the first quarter of 2025.
79.05 thousand shares of Qatar General Insurance and Reinsurance shares were traded at that time, with a value of trading 86.9 thousand riyals.
The highest price for the share at that time was at 1.16 riyals, while the lowest price for the share was at 1.09 riyals.
The Qatar General Insurance and Reinsurance Company achieved a strong financial performance during the first quarter of 2025, as its net profit increased by 175.93% on an annual basis, recording 49.64 million riyals, compared to 17.99 million riyals in the same period last year.
The stock profit increased during the first quarter of this year to 0.057 riyals, compared to 0.021 riyals in the comparison period from 2024.
The company also managed to end the year 2024 with a positive shift in its results, as it recorded a net annual profit of 28.96 million riyals, compared to huge losses of about 1.47 billion riyals in 2023.
The share profitability for the year 2024 was about 0.033 riyals, after it was a loss of 1.675 riyals per share in 2023, which reflects a noticeable improvement in the financial and operational performance of the company.
