May 11, 2020 / 12:49 PM / in 19 days

BRIEF-AXA Green Crescent Insurance Says Accumulated Losses Stand At 82.4 Mln Dirhams

May 11 (Reuters) - AXA GREEN CRESCENT INSURANCE:

* ACCUMULATED LOSSES STAND AT 82.4 MILLION DIRHAMS AS OF MARCH 31, 2020

* ACCUMULATED LOSSES TO CAPITAL RATIO 41.19%

* SAYS STEPS HAVE BEEN TAKEN TO CONTROL AND REDUCE GENERAL AND ADMINISTRATIVE EXPENSES

* SAYS SINCE LIFE INSURANCE MARKET PENETRATION IS LOW IN COUNTRY, WILL CONTINUE EXPLORING OTHER LINES OF BUSINESS Source text for Eikon: Further company coverage:

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