June 21, 2020 / 5:18 AM / 21 days ago

BRIEF-Saudi's Salama Cooperative Insurance Qtrly Pre-Zakat Loss Widens

June 21 (Reuters) - SALAMA COOPERATIVE INSURANCE COMPANY :

* QTRLY NET LOSS OF SHAREHOLDERS CAPITAL INVESTMENT 2 MILLION RIYALS VERSUS PROFIT OF 6.8 MILLION RIYALS YEAR AGO

* QTRLY NET LOSS BEFORE ZAKAT 25.4 MILLION RIYALS VERSUS LOSS OF 14.6 MILLION RIYALS YEAR AGO

* QTRLY GROSS WRITTEN PREMIUMS 85.8 MILLION RIYALS VERSUS 151 MILLION RIYALS YEAR AGO

* QUARTER SAW DECREASE IN NET EARNED PREMIUM BY 40%,

* QUARTER SAW INCREASE IN NET LOSSES OF POLICYHOLDERS INVESTMENT BY 120%

* QUARTER SAW INCREASE IN NET LOSSES OF SHAREHOLDERS INVESTMENT BY 130%

* ACCUMULATED LOSSES REACHED SAR 79.3 MILLION FOR PERIOD ENDED 31 MARCH 2020 Source text for Eikon: Further company coverage:

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