Qatar General Insurance & Reinsurance Company (QGIRCO) has announced a net profit of QAR28.963m ($8m) in 2024 versus net loss QAR1.47bn in the previous year, according to the company's annual financial statement lodged with the Doha Stock Exchange. The earnings per share amounted to QAR0.033 as of 31 December 2024 against loss per share QAR1.675 for the same period in 2023, said the statement noting that the proposal of the Board of Directors is not to distribute dividends.