Mubasher: Qatar Insurance reported a 24% year-on-year decline in its net profits during the first six months of 2018.

The firm logged a net profit of QAR 384 million during the period between January and June, compared to QAR 505 million in H1-17, according to a bourse filing.

Written premiums rose 5% to QAR 6.6 billion in H1-18, from QAR 6.2 billion in the corresponding period a year earlier.

Net returns of the company’s subscriptions jumped 26%, reaching QAR 330 million during H1-18, compared to QAR 263 million a year before.