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Arabia Insurance accumulated losses hit 67% of capital

Arabia Insurance accumulated losses hit 67% of capital
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AICC
8160
26.72% 15.84 3.34

Riyadh-Mubasher: Arabia Insurance posted accumulated losses of SAR 134,394 until 30 April, representing 67% of capital.

Net earnings before taxes and zakat amounted to SAR 223,000 in April. Gross written premiums (GWP) and net written premiums (NWP) reached SAR 45,915 and SAR 27,070, respectively.

Net profits before taxes and zakat amounted to SAR 2,434 in the four-month period until 30 April. GWP and NWP totalled SAR 242,796 and SAR 163,469, successively.

The earnings per share hit SAR 0.12 during the same period, and shareholders’ equity totalled SAR 65,978.