8250 · 19/08/2020 08:08:51 · Announcement #60084 · View on Saudi Exchange

AXA Cooperative Insurance Co. announces its Interim Financial Results for the Period Ending on 2020-06-30 ( Six Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Gross Written Premiums (GWP) 267,512250,2886.881544,266-50.849
Net Written Premiums (NWP) 228,745219,6774.127511,052-55.24
Net Incurred Claims 221,876242,743-8.596227,544-2.49
Net Profit (Loss) of Policy Holders Investment 10,8338,69424.60310,4223.943
Profit (Loss) Insurance Operations Minus Policy Holders Investments Revenues (Operations Results) 24,11619,08226.3824,809-2.793
Net Profit (loss) of Shareholders Capital Investment 3,9295,880-33.183,962-0.832
Net Profit (Loss) before Zakat 34,99430,47114.84335,314-0.906
Total Comprehensive Income 65,69335,04887.437-9,118-
All figures are in (Thousands) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Gross Written Premiums (GWP) 811,778794,9192.12
Net Written Premiums (NWP) 739,797748,448-1.155
Net Incurred Claims 449,420465,717-3.499
Net Profit (Loss) of Policy Holders Investment 21,25517,81019.343
Profit (Loss) Insurance Operations Minus Policy Holders Investments Revenues (Operations Results) 48,92536,13535.395
Net Profit (loss) of Shareholders Capital Investment 7,8919,605-17.844
Net Profit (Loss) before Zakat 70,30557,30422.687
Total Comprehensive Income 56,57270,578-19.844
Total Share Holders Equity (after Deducting Minority Equity) 766,485660,19816.099
Profit (Loss) per Share 1.160.93
All figures are in (Thousands) Saudi Arabia, Riyals
Element ListExplanation
Increase (Decrease) in Net Profit for Current Quarter Compared to the Same Quarter of the Previous Year is Attributed to No English translation, kindly refer to the Arabic version
Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to No English translation, kindly refer to the Arabic version
Increase (Decrease) in Net Profit for Current Period Compared to the Same Period of the Previous Year is Attributed to No English translation, kindly refer to the Arabic version
Basis of the External Auditor's Opinion Unmodified opinion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion No English translation, kindly refer to the Arabic version
Reclassification of Comparison Items No English translation, kindly refer to the Arabic version
Additional Information No English translation, kindly refer to the Arabic version

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