Page 80 - Annual Report 2017

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7. Composition of income Investment profit constituted a major source of income to most 8. Distribution of business Most of the business written was in Qatar, followed by other GCC
statement QFC insurers, even offsetting some insurers’ negative underwriting by geography countries.
results. In the second and fourth quarters of 2017, many QFC insurers
incurred underwriting losses due to the pricing/market challenges
noted earlier. Investment profit contributed to 84% of the total net
profit generated by QFC insurers over the 12-month period ending
31 December 2017.

100% Q4 2017 Q4 2016

80% 90% QATAR 61% QATAR

10% GCC 39% GCC
60%
0% NA 0% NA
0% EUROPE 0% EUROPE
40%
0% REST OF THE WORLD 0% REST OF THE WORLD
Percent 20%

0%
Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017
-20%

-40%

-60%

Underwriting profit Investment profit