AXA Cooperative Insurance Co. reported a net profit before zakat of SAR 61.4 million for the first nine months of 2018, a 40.5 percent year-on-year (YoY) increase on lower losses from the auto and health insurance segments, and higher investment income.
Gross Written Premium (GWP)
Net Profit Before Zakat & Tax
The company’s net profit before zakat in Q3 surged 51.2 percent YoY to SAR 19 million on an increase in surplus from insurance operations of the auto, health insurance and marine segments, and higher investment income.
When compared to the previous quarter, Q3 net profit fell 21 percent due to a decrease in surplus from insurance operations of the auto and health insurance segments.