Amana Cooperative Insurance reported a net loss before zakat of SAR 12.2 million for the first nine months of 2018, compared to a net profit of SAR 7.7 million a year earlier on higher incurred claims, lower reinsurance commission, and higher general and administrative expenses.
Gross Written Premium (GWP)
Net Profit Before Zakat & Tax
The company posted a net loss of SAR 5 million in Q3, compared to a net profit of SAR 13.4 million in the same quarter last year on higher incurred claimed and lower gains from investment.
Q3 net loss widened compared to net loss of SAR 290,000 in the previous quarter due to higher incurred claims.