AXA Cooperative Insurance Co. reported a net profit before zakat of SAR 60.2 million for the fiscal year 2017, a year-on-year (YoY) increase of 41 percent, driven by a rise of SAR 9.7 million in investment returns.
Gross Written Premium (GWP)
Net Profit Before Zakat & Tax
The fourth-quarter net profit before zakat rose 89.3 percent YoY to SAR 16.5 million, due to higher insurance surplus bolstered by net earned premiums.
When compared to the previous quarter, the Q4 2017 net profit came in 31 percent higher.