Amana Cooperative Insurance Co. reported a net loss of SAR 7.2 million for the first half of 2018 compared to a loss of SAR 6.4 million during the same period last year on lower net earned premiums and higher general & administrative expenses.
Gross Written Premium (GWP)
Net Profit Before Zakat & Tax
The company’s net losses narrowed to SAR 290,000 in Q2 2018 from SAR 1.8 million in the same quarter last year due to higher net earned premiums, lower incurred claims and higher gains from investment.
When compared to previous quarter, net loss narrowed on higher net earned premiums.