DUBAI (Bloomberg) — Qatar Insurance Co., the Persian Gulf emirate's biggest insurer, said first-quarter profit jumped 83 percent.

Net income advanced to 243.6 million riyals ($67 million), or 5.74 riyals a share, from 133.1 million riyals, or 3.13 riyals, in the year-earlier period, the company said in a statement to the Doha Stock Exchange on Friday.