Tribune News Network
Doha
Qatar’s leading life and medical insurer QLM Life & Medical Insurance Company QPSCreported its Q3’ 2024 performance results. The insurance revenue for the nine-month period stood at QR875.3 million as against QR813 million in Q3’ 23.
Sheikh Saoud bin Khalid bin Hamad Al-Thani, the Chairman of QLM, stated "Our mission is grounded in a strong commitment to customer-focused healthcare solutions. We aim to create sustainable healthcare experiences that are holistic and reflect the unique needs of our local communities.
This commitment to excellence fuels QLM’s ambition to grow and solidify our presence as a leading figure in the insurance industry” The net profit of the company for the period ended 30th September’24 stood at QR54.8 million as against QR53.1 million in September’2023. The earnings per share in Q3’ 24 was QR0.16 per share as compared to QR0.15 in Q3’23. Net investment and other income in Q3’24 stood at QR42.3 million, compared to QR37.5 million in Q3’ 23.
Fahad Mohammed Al- Suwaidi, QLM CEO, stated "QLM is committed to transforming the insurance landscape, both locally and regionally, through our unwavering dedication to excellence.
"By seamlessly integrating innovative technology with a deep understanding of our members’ diverse needs, we transform exceptional service from a mere promise into a consistent reality.
"By prioritizing our members’ satisfaction and trust, we not only enhance their experience but also solidify our leadership in the insurance industry. Our focus on their well-being drives us to continuously raise the bar and set new standards for the future.” QLM is a publicly listed Qatari company specializing in life and medical insurance solutions and aim at providing best-in-class service to its clients, with a unique value proposition.”