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MIC net profit falls 5% in nine months

Businessmen Team banks-exchange 31 December 2025 03:31 PM
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MIC net profit falls 5% in nine months

The consolidated financial statements of Mohandes Insurance Company (MIC) for the first nine months of 2025 revealed a 5% year-on-year decline in the company’s net profit.

The company said in a statement that it recorded a net profit of EGP 335.87 million for the period, compared to EGP 353.06 million in the same period of 2024, taking into account minority interests.

Insurance service revenues for the first nine months of 2025 rose to EGP 1.35 billion, up from EGP 1.07 billion in the same period last year.

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Mohandes Insurance Company MIC consolidated financial statements net profit insurance service revenues financial performance revenue growth minority interests first nine months insurance sector