Solidarity Saudi Takaful Co. reported net loss before Zakat of SAR 42.1 million for the first nine months of 2019, compared to net profit before zakat of SAR 3 million in the same period last year, due to increase in the technical reserves and increase in net incurred claims
Gross Written Premium (GWP)
Net Profit Before Zakat & Tax
In Q3, the company reported net loss before zakat of SAR 21.5 million, an increase of 122 percent year-on-year compared to net loss before zakat of SAR 9.6 million, due to increase in the technical reserves and increase in net incurred claims.
On a sequential basis, the company trimmed net loss before zakat by 19 percent.