Misr Insurance Holding Company (MIHC) has approved plans to offer a 20 percent stake in its subsidiary Misr Life Insurance Company through a listing on the Egyptian Exchange (EGX), as Egypt moves ahead with its state-backed privatisation programme.
The decision was approved during an Extraordinary General Assembly meeting held after the company’s Ordinary General Assembly reviewed MIHC’s financial and operational performance for 2025.
The planned listing of Misr Life Insurance is expected to expand private-sector participation in Egypt’s capital markets while providing the insurer with greater access to funding and market visibility.
During the annual review, MIHC reported stronger financial performance despite challenging global economic conditions and domestic pressures, attributing the results to the resilience of its business model and diversified investment portfolio.
Gross written premiums from the group’s insurance subsidiaries increased 12 percent year-on-year to 40.4 billion Egyptian pounds (about US$826 million) in 2025, compared with 36.1 billion pounds (about US$738 million) in 2024.
More Read
The group’s consolidated assets rose 13 percent to 247 billion pounds (about US$5.1 billion) in 2025, from 218 billion pounds (about US$4.5 billion) a year earlier.
Consolidated investments also expanded, reaching 218 billion pounds (about US$4.5 billion) compared with 198 billion pounds (about US$4.1 billion) in 2024.
MIHC said consolidated net profit and retained earnings climbed to 37 billion pounds (about US757 million), up from 28 billion pounds (about US$573 million) previously. The holding company itself recorded a standalone net profit of 6.4 billion pounds (about US$131 million) in 2025.
More Read
The company’s annual meeting also highlighted the continued strength of its two major insurance subsidiaries, Misr Insurance Company and Misr Life Insurance Company, which maintained their international credit ratings from AM Best.
Both companies retained a Financial Strength Rating (FSR) of B++ and a Long-Term Issuer Credit Rating (ICR) of “bbb”, reflecting their financial stability and ability to meet policyholder obligations.
The ratings agency cited MIHC’s strategic importance and financial position as supporting factors behind the ratings.
The Misr Life Insurance listing forms part of Egypt’s broader initial public offering programme, which aims to sell stakes in state-owned companies to investors and deepen the country’s capital markets.
The Egyptian government announced in April that preparations were underway for the IPO programme, which included plans to list Misr Life Insurance before the end of June, followed by Banque du Caire in coordination with the Central Bank of Egypt.
The move comes as Egypt seeks to attract foreign investment, boost market activity and generate additional state revenues through the expansion of publicly traded companies.
