In the name of God the most merciful

Along with the company positive results for the last years Suez canal insurance continue  successfulness for the year despite international events  and its results on insurance market .the company financial results for the financial  year 2001/2002 increased in different companies of activity premium issued increased to 158.5 million EGP from 147.2 million EGP test year with increased of 11.3 million EGP and rates (7.7 %) so total claims paid for 2001/2002 68.8 million EGP against 51 million EGP for the previous year . company share rom the claims (retention) 33 million EGP against 31 million EGP for previous year .that represents the positive participation in settlement the llabilies towards the policy holders .

According to the successful policy of the company in sustaining and importing technical reserves .the technical reserves for the year ended 2001/2002 reached 178.6 million EGP against 159.7 million EGP for the last year with increase 18.9 million egp (11.8%) investing activities – Suez canal insurance  invest all available money in different investing activities to reach company objectives and improve policy holder rights as investments in 2001/2002 reached 333 million egp (13%) and this special accomplishment was crowed with profit for 30 June 2002 reached 14.1 million egp for last year with increase 1.4 million EGP (10.6%) and at the same time administration expenses reduced to (10.2%) from premium issued against year.(10.5%)last  year. 

And this preferential results didn't came from nothing .but from advanced managerial  thinking which convoys recent international technology at the field of insurance services has achieved the best international and have the best insurance coverage .that make the company have its client trust in Egypt and outside Egypt .under the difficult international economic circumstances the company had to keep success and increase effort  in developing insurance services to keep company and study market requstements .client needs with innovation and creation for new insurance coverage and that what happened when the Egyptian insurance supervisory authorized  our free life insurance which we already marktin  this year .

For all this efforts the company kept its success what appreciated by the client and represent the powerful financial position and the trust of the client in good managing  for the portiolo and investment any one have a look at  the last five years will be sure that company had developed so much what refiecis modern managerial thinking as the premium increased (141%) from 133 million EGP at 97/98 to 159 million EGP 2001/2002 .and claim paid increased (134%) from 50 million EGP 97/98 to 67 million EGP 2001/2002 . 

Share holder equity increased (203%) 88 million 97/98 to 179 million EGP 2001/2002.

 Investments increased (166%) 201 million EGP 97/98 to 333 million EGP 2001/2002

Share holder equity increased (177%) 39 million EGP 97/98 to 69 million EGP 2001/2002 

                                                                                              Director Manager

                                                                                        Mohamed Mahmoud Abdalaa