AXA Cooperative Insurance Co. announces its interim Financial results for the period ending on 2019-03-31 ( Three Months )

12 May 2019 08:41 AM

GIG 8250 31.74% 38.60 9.30

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Gross written premiums (GWP)	544,631	674,938	-19.306	180,466	201.791
Net written premiums (NWP)	528,771	588,725	-10.183	174,423	203.154
Net incurred claims	222,974	237,387	-6.071	250,700	-11.059
Net profit (loss) of policy holders investment	9,116	6,409	42.237	11,514	-20.826
Profit (Loss) Insurance Operations minus policy holders investments from operations	9,953	5,948	67.333	16,416	-39.37
Net profit (loss) of shareholders capital investment	3,725	2,946	26.442	3,523	5.733
Net Profit (Loss) before Zakat	26,833	18,237	47.134	15,042	78.387
Total Comprehensive Income	40,671	11,854	243.099	14,126	187.915
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (after deducting minority equity)	625,493	555,750	12.549
Profit (Loss) per Share	0.6	0.41
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Explanation
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year	No English translation, kindly refer to the Arabic version
Reason for increase (decrease) in net profit for current quarter compared to the previous quarter	No English translation, kindly refer to the Arabic version
Type of the external auditor's opinion	Unmodified opinion
External auditor's report containing reservation	No English translation, kindly refer to the Arabic version
Reclassifications in quarter financial result	No English translation, kindly refer to the Arabic version
Additional Information	No English translation, kindly refer to the Arabic version

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