Al Ahli Takaful Co. (ATC) reported a net profit before Zakat of SAR 13.7 million for the fiscal year 2019, a rise of 32% year-on-year (YoY), thanks to a decline in other operating expenses and net incurred claims.
The annual profit was also bolstered by an increase in net profit of shareholders capital investments.
Gross Written Premium (GWP)
Net Profit Before Zakat & Tax
In Q4 2019, ATC swung to a net profit before Zakat of SAR 2.9 million against a net loss of SAR 10.8 million a year earlier.