54.8 مليون ريال أرباح «كيو إل إم»

QLM Reports Q3 2024 Net Profit of 54.8 Million Riyals

QLM Life and Health Insurance Company has announced its financial results for the third quarter of 2024, reporting a net profit of 54.8 million Riyals, compared to 53.1 million Riyals for the same period in 2023. Earnings per share reached 0.16 Riyals for the period ending September 30, 2024, compared to 0.15 Riyals for the same period in the previous year.

Key Highlights:

• Strong Revenue Growth: The company's insurance revenue for the nine-month period totaled 875.3 million Riyals, compared to 813 million Riyals for the same period in 2023.
• Increased Investment Returns: Net investment income and other income in the third quarter of 2024 reached 42.3 million Riyals, compared to 37.5 million Riyals in the third quarter of 2023.

Leadership Perspectives:

Sheikh Saud bin Khalid bin Hamad Al Thani, Chairman of the Board of Directors of QLM, emphasized the company's commitment to providing healthcare solutions tailored to customer needs. "Our mission is rooted in a strong commitment to providing healthcare solutions that are centered around customer needs. We strive to offer sustainable, comprehensive healthcare experiences that reflect the unique needs of the Qatari community."

Fahad Mohammed Al Suwaidi, CEO of QLM, highlighted the company's focus on transforming the insurance experience both locally and regionally. "We are committed to transforming the insurance experience locally and regionally through our unwavering dedication to excellence. By integrating cutting-edge technology with innovative wellness-focused solutions, we deliver a unique experience aimed at achieving healing and recovery. Our focus on customer satisfaction and trust contributes to enhancing their healthcare experiences and strengthens our leading role in the insurance industry."