Economic Research | Lebanon This Week | Lebanon This Week 550 | Net profits of life insurance category at $110m in 2017 | Lebanon | Byblos Bank
popUp
Redirect
You are being redirected to
.
Continue
Stay on the current website
Please Rotate your screen to portrait, for best viewing.
About Us
Investor Relations
International Presence
News Room
Economic Research
Careers
CSR
FAQs
Required
Minimum 3 characters required
Know Your Rights
Feedback Form
Properties for Sale
Byblos Bank
Contact Us
Locate Branch/ATM
Online Banking
Byblos Bank S.A.L.
Byblos Bank Europe
Byblos Bank S.A.L. Iraq
Personal
Accounts
Current
Current Account
Fresh Account
Saving
EasySave Account
Deposit
Deposit Account
Special
The Makers Account
Easy Banking
Mobile Banking App
Smart ATM Network
Digital Banking Transactions
Useful Information
Cash Withdrawal Amounts
Saving
Opening and Operating a Bank Account
Fees and Commission
Cybercrime Prevention
Cards
Debit
Visa Infinite Jetset
Visa Fresh
Visa Fresh Web Card
Visa Platinum
Visa Classic
Visa Teen
Credit
Visa Platinum
Mastercard Titanium Lira
Visa Fresh Platinum Credit Card
Retail Payment
Retail Payment
Compare Cards
Easy Banking
Mobile Banking App
Smart ATM Network
Digital Banking Transactions
Useful Information
Simulators
Tips and Guides
Fees and Commission
Akram Loyalty Program
Loans
Personal
Personal
Compare Loans
Easy Banking
Mobile Banking App
Smart ATM Network
Digital Banking Transactions
Useful Information
Simulators
Spending
Borrowing
Fees and Commission
Special Packages
The Premium Package
Business Solutions Package
Easy Banking
Mobile Banking App
Smart ATM Network
Digital Banking Transactions
Useful Information
Fees and Commission
Cybercrime Prevention
Business
SME Banking
Business Cards
ATM Deposit Card
Special
Business Solutions
Easy Banking
Internet Banking
Mobile Banking App
E-Branch
Useful Information
Growing a Business
Financial Planning
Understanding Banks
Corporate Banking
Trade and Manufacturing
Contracting and Real Estate
Project Finance and Syndication
International Trade Finance
Easy Banking
Internet Banking
Mobile Banking App
E-Branch
Useful Information
Growing a Business
Financial Planning
Understanding Banks
Capital Markets
Fixed Income
Equities
FX & Precious Metals
About Us
Investor Relations
International Presence
News Room
Economic Research
Careers
CSR
FAQs
Lebanon This Week 550
Home
Economic Research
Lebanon This Week 550
Net profits of life insurance category at $110m ...
|
Net profits of life insurance category at $110m in 2017
Figures released by the Insurance Control Commission (ICC) show that the aggregate net profits of 31 companies operating in the life insurance category in Lebanon reached $109.9m in 2017, constituting an increase of 33.3% from $82.4m in 2016. Also, net income from the life category posted a compound annual growth rate (CAGR) of 9.3% between 2011 and 2017. The ''term life protection'' segment posted profits of $79.1m in 2017, followed by the ''life protection with savings'' segment with $28m and the ''life protection with unit-linked savings'' segment with $2.7m. Metlife Alico led all life insurers with $27.8m in net profits in 2017 and accounted for 25.3% of the life category's aggregate net earnings, followed by Bancassurance with $19.5m (17.8%), Sogecap with $15.2m (13.9%), ADIR with $10.6m (9.6%), CLA with $10.3m (9.4%) and Allianz SNA with $5.6m (5.1%).
Gross written premiums from the life category, which include new business and renewals, increased by 3.1% to $497.6m in 2017 relative to growth rates of 5.1% in 2016, 7.8% in 2015, 4.3% in 2014 and 7.5% in 2013. Also, gross premiums rose by a CAGR of 5.3% between 2011 and 2017. Gross written premiums from the ''life protection with savings'' segment totaled $186.6m and accounted for 37.5% of aggregate life insurance premiums, followed by the ''term life protection'' segment with $168.9m (33.9%), and the ''life protection with unit-linked savings'' segment with $142.2m (28.6%). Further, net premiums stood at $471.7m, policy fees totaled $19.1m, and the cost of policies reached $13m in 2017.
Call
+961 1 20 50 50
or
1650
Call Us
Visit
Locate a Branch
Email
customerservice<at>byblosbank.com.lb
Send Us a Message
Reuqest a call back
Apply For a job
Apply for sponsership
CSR Form
Request An Interview
Simulate your Monthly Bill
IBAN
Currency Convertor