AXA Cooperative Insurance Co. reported a net profit before zakat of SAR 43.7 million in the first nine months of 2017, a 28.6 percent year-on-year (YoY) increase, attributed to a SAR 7 million rise in investment returns.
Gross Written Premium (GWP)
Net Profit Before Zakat & Tax
Q3 net profit before zakat rose 12.5 percent YoY to SAR 12.6 million due to an increase in operating surplus on higher net earned premiums, mainly in the automotive sector.
Compared to the previous quarter, Q3 net earnings dropped 15.1 percent.