Gulf Insurance Group — Earnings Release 2011

Oct 19, 2011

AXA Cooperative announces its preliminary financial results for the period ended on September 30, 2011 (9 Months (1 ) (Continuo)

8250 · 19/10/2011 10:09:58 · Announcement #23074 · View on Saudi Exchange

AXA Cooperative announces its preliminary financial results for the period ended on September 30, 2011 (9 Months (1 ) (Continuo)

9.The Gross Written Premiums (GWP) for the nine month period is 344,715 thousand riyals compare to 256,109 thousand riyals for the same period of previous year with an increase of 34.6%. The Net Written Premiums (NWP) for the nine month period ended is 286,196 thousand riyals compared to 224,521 thousand riyals for the same period of previous year with an increase of 27.5 %.

10. The net claims incurred for the nine month period ended is 211,207 thousand riyals, compared to 42,499 thousand riyals for the same period of previous year with an increase of 397.0 %.

11.There investment income for policyholders during the nine month period ended is 620 thousand riyals. There are no comparatives with the same period of the previous year. The net income on shareholders investments for the nine month period ended is 953 thousand riyals, compared to 566 thousand riyals for the same period of previous year with an increase of 68.4 %.

(Continuo)

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