Alinma Tokio Marine Co. broadened net losses before zakat to SAR 31.7 million for the fiscal year 2018, from SAR 3.3 million a year earlier, due to higher net incurred claims, mainly in motor and medical segments.
The company was hit by lower reinsurance commissions and an increase in general and administrative expenses.
Gross Written Premium (GWP)
Net Profit Before Zakat & Tax
In Q4 2018, the company posted a net loss before zakat of SAR 13.4 million against a net profit of SAR 5.7 million a year earlier.