The insurance sector achieved positive results in terms of profits, assets, and shareholder equity in 2014 compared to the year before, according to the latest Market Annual Report by the Association of Insurance Companies in Lebanon (ACAL), released last week.
The consolidated net income of insurance companies jumped 24 percent to $142 million. Jamil Harb, Secretary General of ACAL, said that one of the main factors enabling sector profits to swing from a contraction in profits in 2013 t...
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