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In the name of god the most merciful
25years positive continuous efforts through that time . Suez canal insurance company achieved steady and specific position in Egyptian insurance market this by responding problems and difficulties faced the international market due to economic political changes in the last years . the company financial results for the financial year 2005/2004 has recorded positive results , premium issued achieved 160.8 million EGP against 155.3 million EGP last year . total claims paid for 2003/2004 93.23 million EGP against 65.1 million EGP for the previous year , that represent the positive participation in settlement the liabilities toward the policy holders . according to the successful policy of the company in sustaining and improving technical reserves , the technical reserves for the year ended 2003/2004 reached 206.82 million EGP against 197.64 million EGP for the last year with increase 9.1 million EGP (4.6%) about investing activities we have faced serious difficulties such as liquidity and investment income in circumstances of low interest rates and international slack all over the world-Suez canal insurance invest all available money in different investing activities to reach company objectives and improve policy holder rights , as investments in 2003/2004 and improving technical reserves , the technical reserves for the year ended 2003/2004 reached 9.1 million EGP against 197.64 million EGP for the last year with increase 9.1 million EGP(4.6%) about investing activities we have faced serious difficulties such as liquidity and investment income in circumstances of low interest rates and international stack all over the world –Suez canal insurance invest all available money in different investing activities to reach company objectives and improve policy holder rights , as investments in 2003/2004 reached 380 million EGP against 350 million EGP for 2002/2003 with increase 30 million EGP 8.6% . and this special accomplishment was crowned with profits 30 June 2004 reached 16.14 million EGP against 14.93 million EGP for last year with increase 1.21 million EGP (8.1%)
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