Arope Insurance’s headquarters is seen in Beirut. (The Daily Star/Mahmoud Kheir)
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Net income from the life insurance category totaled $92.3 million in 2014 and increased by 6.4 percent year-on-year, while profits from the non-life insurance category amounted to $49.3 million and rose by 82.2 percent annually. As such, net profits generated by the life insurance category accounted for 65.2 percent of the sector's total profits, while those from the non-life insurance segment represented 34.8 percent of the total.Written premiums from the life insurance segment accounted for 29.5 percent of the sector's aggregate premiums in 2014, followed by the health insurance segment with 29.1 percent of the total, the motor insurance category with 23 percent and the fire insurance segment with 7 percent.As such, the combined ratio, which is the aggregate ratio of the above four ratios, was 91.25 percent; and the financial income ratio, or the ratio of net investment income to earned gross premiums, stood at 10.76 percent in 2014 .
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