Riyadh – Mubasher: AXA Cooperative Insurance Company (AXA Insurance) revealed its interim financial results for the second quarter of 2019.

Net profits before zakat grew by 26.3% to SAR 30.47 million in Q2-19, compared to SAR 24.11 million in Q2-18, according to the company’s filing to the Saudi Stock Exchange (Tadawul) on Sunday.

Gross written premiums (GWP) of the Saudi insurance company levelled up 36% year-on-year to SAR 250.2 million during the three-month period ended in June.

For the first half of 2019, net profits of AXA Insurance rose by 35.3% to SAR 57.3 million, from SAR 42.3 million in H1-18.

Profit per share recorded SAR 1.03 during the first six months of 2019, versus SAR 0.7 in the same period of the prior year.