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Gulf Insurance Group — Earnings Release 2018
May 9, 2018
53509_rns_2018-05-09_66e709b1-52ff-47b6-a99a-bd129f892d50.html
Earnings Release
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AXA Cooperative Insurance Co. announces the interim financial results for the period ending on 31-03-2018 (Three Months)
8250 · 09/05/2018 15:40:26 · Announcement #50775 · View on Saudi Exchange
AXA Cooperative Insurance Co. announces the interim financial results for the period ending on 31-03-2018 (Three Months)
| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) before Zakat | 18,237 | 16,273 | 12.07 | 16,495 | 10.56 |
| Surplus (deficit) of insurance transactions less returns of policy holders investment (operating transactions results) | 11,167 | 9,144 | 22.12 | 9,049 | 23.41 |
| Gross written premiums (GWP) | 674,938 | 721,242 | - | 189,051 | 257.01 |
| Net written premiums (NWP) | 588,725 | 597,186 | - | 173,759 | 238.82 |
| Net incurred claims | 237,387 | 252,695 | - | 235,974 | 0.6 |
| Net profit (loss) of policy holders investment | 6,409 | 5,489 | 16.76 | 6,769 | - |
| Net profit (loss) of shareholders capital investment | 2,946 | 3,441 | - | 2,951 | - |
| Earning or loss per share, Riyals | 0.41 | 0.36 | - | - | - |
| All figures are in (Thousands) Saudi Arabia, Riyals |
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for the quarter compared with same quarter last year | No English . please see the Arabic version |
| Reasons of increase (decrease) for the quarter compared with the previous quarter | No English . please see the Arabic version |
| Other notes | No English . please see the Arabic version |
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