AXA Cooperative Insurance Co. posted a net profit before zakat of SAR 57.3 million for H1 2019, an increase of 35.3 percent year-on-year (YoY) on improved insurance operating income amid lower losses from the motor segment.
The first half results were also bolstered by higher investment income.
Gross Written Premium (GWP)
Net Profit Before Zakat & Tax
In Q2 2019, net profit before zakat jumped 26.4 percent YoY to SAR 30.5 million backed by an insurance surge in the motor and medical insurance sectors.
When compared to Q1 2019, net profit rose 13.6 percent driven by an insurance surge from the medical segment along with higher investment income.