AXA Cooperative Insurance Co. (AXA-Cooperative) reported a net profit before zakat of SAR 31.1 million for the first half of 2017, a 36.6 percent year-on-year (YoY) rise, mainly due to an increase in surplus from insurance operations and investment income.
Gross Written Premium (GWP)
Net Profit Before Zakat & Tax
The second quarter saw a net profit of around SAR 14.8 million, a 56 percent rise YoY.
Net profit in Q2 fell 8.9 percent compared to the previous quarter.