Page 53 - English

7. Composition of income statement
140,000 120,000 100,000
80,000 60,000 40,000 20,000
0% (20,000)
Q1:2014 Q2:2014 Underwriting profit
Q3:2014
Q4:2014 Investment profit
Q1:2015 Q2:2015 Net profit
Q3:2015
Q4:2015
In line with the significant growth in business, net profit has increased by over 72% for the year ended 31 December 2015. Contribution of investment profit to total profit decreased over the 12-month period ending 31 December 2015, reflecting a low interest rate environment. However, some firms realised some capital gains in disposing of some of their investments, which led to the increase in investment income in the last quarter of 2015.
8. Distribution of business by geography
Q4 2015
Q4 2014
20% 13%
3% 2%
40%
60%
32%
6%
Qatar
NA
Rest of the world
GCC Europe
3%
19%
The proportion of business written in Qatar and other GCC countries decreased from 59% to 33% over the 12-month period ending 31 December 2015. This reflects the increase in the volume of inward reinsurance business written across the rest of the world.
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QAR Thousands