Page 78 - Annual Report 2017
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5. Retained premium and Premiums retained increased from 73% to 80% over the 12-month 6. Combined ratio The combined ratio was slightly above 100% over the 12-month
ceded premium period ending 31 December 2017, with a commensurate decrease period ending 31 December 2017, reflecting negative underwriting
in reinsurance premiums reflecting less reliance on reinsurance by results. The level of profitability was broadly a reflection of the highly
QFC insurers. competitive insurance market in Qatar. This has led to pressure on
premium rates and operating models, and narrower profit margins.
100% 120%
90%
80% 100%
70% 80%
60%
50% 60%
Percent 40% Percent
30% 40%
20%
10% 20%
0%
Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 0%
Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017
Retained premium Reinsurance premium
Loss ratio Expense ratio Combined ratio
