The QIC Group, Qatar's leading insurer, has reported a significant rise in its net profit for the year 2024. The company announced that it earned a record-breaking QR735 million in profits, representing a 19% increase from the previous year. This impressive growth is attributed to the company's focus on profitable national and regional markets, as well as its efforts to reduce exposure to international volatility. QIC Group Chairman Sheikh Hamad bin Faisal Al Thani hailed the results as a testament to the group's commitment to its long-term strategy, which aims to drive bottom-line driven growth. The company has also been working to enhance operational efficiency through process improvements and automation. With this record-breaking performance, QIC Group continues to solidify its position as a leading player in the Middle Eastern insurance sector.

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