AXA Cooperative's net profit rises 22% in nine-months 2015
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AXA Cooperative Insurance Co. reported a net profit before zakat of SAR 17.4 million for the first nine months of 2015; a 22 percent year-on-year (YOY) rise it attributed to an increase in net earned premiums, with motor and medical insurance seeing the most growth.
Gross Written Premium (GWP)
Net Profit Before Zakat & Tax
The company posted a net profit before zakat of SAR 2.9 million in Q3-2015, marking a 47 percent YOY drop due to an incease in medical and motor claims incurred.