Sign In
×
Argaam Tools
×
AXA reports 42% profit rise in 2019
12/03/2020
Argaam Exclusive
AXA Cooperative Insurance Co. reported a net profit before zakat of SAR 108.5 million for the fiscal year of 2019, a 42% year-on-year (YoY) increase, the company said in a bourse statement.
The profit rise wQ4 2019 net earnings hiked by 90% YoY to SAR 28.6 million.as attributed to the gross claims, which decreased from 77% in 2018 to 75% in 2019, in addition to the increased investment yields.
Financials (M)
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Gross Written Premium (GWP) | 1,445.86 | 1,409.78 | (2.5 %) |
| Net Profit Before Zakat & Tax | 76.43 | 108.47 | 41.9 % |
| Average Shares | 50.00 | 50.00 | - |
| EPS (Riyals) | 1.53 | 2.17 | 41.9 % |
Q4 2019 net earnings hiked by 90% YoY to SAR 28.6 million.
Current Quarter Comparison (M)
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Gross Written Premium (GWP) | 180.47 | 236.31 | 30.9 % |
| Net Profit Before Zakat & Tax | 15.04 | 28.62 | 90.3 % |
| Average Shares | 50.00 | 50.00 | - |
| EPS (Riyals) | 0.30 | 0.57 | 90.3 % |
Insurance Operations (M)
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Gross Written Premium (GWP) | 1,445.86 | 1,409.78 | (2.5 %) |
| Net Written Premiums (NWP) | 1,295.38 | 1,321.72 | 2.0 % |
| Net Incurred Claims | (968.36) | (940.92) | 2.8 % |
View other reports
Share Price
| Current | |
| Market Cap (M) | 1,807.50 |
| Shares Outstanding ((M)) | 50.00 |
| EPS ( Riyal) (TTM) | 2.56 |
| Book Value (BV) ( Riyal) | 16.16 |
| P/E (TTM) | 14.12 |
| Price/Book | 2.24 |
| Return on Average Assets (%) (TTM) | 4.6 |
| Return on Average Equity (%) (TTM) | 17.3 |
| Adjusted P/E (Last12) | 14.12 |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}