MetLife Alico Egypt Posted EGP 326 Mln Premiums

MetLife Alico Egypt achieved direct premiums of EGP 326 million at the end of last June, up from EGP 268 million.

The company paid compensations of EGP 301 million in FY 2011/2012, up from EGP 214 million in FY 2010/2011.

MetLife Alico is an international life insurance company which has assets with value of US$ 800 billion and achieved revenues of US$ 65 billion in 2011. Standard & Poor’s assigned its ‘AA-‘rating to MetLife Alico.