March 17, 2020 / 6:13 AM / 18 days ago

BRIEF-Saudi Arabian Cooperative Insurance FY Pre-Zakat Loss Narrows

March 17 (Reuters) - SAUDI ARABIAN COOPERATIVE INSURANCE COMPANY:

* FY NET PROFIT OF SHAREHOLDERS CAPITAL INVESTMENT 16.4 MILLION RIYALS VERSUS 7 MILLION RIYALS YEAR AGO

* FY NET LOSS BEFORE ZAKAT 2.4 MILLION RIYALS VERSUS LOSS OF 13 MILLION RIYALS YEAR AGO

* FY GROSS WRITTEN PREMIUMS 834.3 MILLION RIYALS VERSUS 950 MILLION RIYALS YEAR AGO

* FY SAW AN INCREASE IN OTHER UNDERWRITING INCOME BY 172%

* FY SAW AN INCREASE IN NET PROFIT OF POLICY HOLDERS INVESTMENT BY 89%

* FY SAW DECREASE IN GENERAL AND ADMINISTRATIVE EXPENSES BY 5% Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below