Gulf General Cooperative Insurance Co. reported a net loss of SAR 7.5 million for the first nine months of 2018, from a profit of SAR 17.1 million in the same period last year, mainly due to higher net claims incurred.
Gross Written Premium (GWP)
Net Profit Before Zakat & Tax
Gulf General reported a net loss of SAR 6.7 million for Q3 2018, compared to a net profit of SAR 4.6 million in the same quarter last year. This was due to higher net claims incurred and other operating expenses.
When compared to previous quarter, the increase in net loss was attributed to higher net claims incurred and other operating expenses.