8250 · 06/08/2018 08:08:33 · Announcement #51802 · View on Saudi Exchange

AXA Cooperative Insurance Co. announces the interim financial results for the period ending on 30-06-2018 (Six Months)

Element Current quarter Similar quarter for previous year % Change current Previous quarter % Change previous
Net profit (loss) before Zakat
24,112
14,828
62.61
18,237
32.21
Surplus (deficit) of insurance transactions less returns of policy holders investment (operating transactions results)
16,416
8,145
101.55
11,167
47
Gross written premiums (GWP)
183,989
219,933
-
674,938
-
Net written premiums (NWP)
167,676
194,875
-
588,725
-
Net incurred claims
239,184
267,436
-
237,387
0.76
Net profit (loss) of policy holders investment
8,614
5,823
47.93
6,409
34.4
Net profit (loss) of shareholders capital investment
1,927
2,612
-
2,946
-
All figures are in (Thousands) Saudi Arabia, Riyals
Element Current period Similar period for previous year % Change
Net profit (loss) before Zakat
42,349
31,101
36.17
Surplus (deficit) of insurance transactions less returns of policy holders investment (operating transactions results)
27,583
17,289
59.54
Gross written premiums (GWP)
858,927
941,175
-
Net written premiums (NWP)
756,401
792,061
-
Net incurred claims
476,570
520,131
-
Net profit (loss) of policy holders investment
15,023
11,312
32.81
Net profit (loss) of shareholders capital investment
4,873
6,053
-
Earning or loss per share, Riyals
0.94
0.69
-
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 period compared with same period 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
Reclassifications in quarterly financial results No English . please see the Arabic version
Other notes No English . please see the Arabic version

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.