Axa Insurance’s H1 profit surges 64% to SAR 14.5 mln
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Axa Cooperative Insurance Company reported a net profit of SAR 14.5 million for H1-2015, a 64.4 increase compared to the same period last year on higher net earned premiums, particularly from motor and medical lines.
Gross Written Premium (GWP)
Net Profit Before Zakat & Tax
The company reported a net profit of SAR 5.6 million in Q2, a 37 percent decline compared to a net profit of SAR 8.9 million in the previous quarter, mainly attributed to increased incurred claims from motor and engineering lines.