AXA Cooperative Insurance Co. announces its Annual Financial Results for the Period Ending on 2019-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Gross Written Premiums (GWP) | 1,409,777 | 1,445,860 | -2.495 | ||
| Net Written Premiums (NWP) | 1,321,723 | 1,295,375 | 2.034 | ||
| Net Incurred Claims | 940,915 | 968,356 | -2.833 | ||
| Net Profit (Loss) of Policy Holders Investment | 31,663 | 34,682 | -8.704 | ||
| Profit (Loss) Insurance Operations Minus Policy Holders Investments Revenues (Operations Results) | 65,495 | 39,640 | 65.224 | ||
| Net Profit (loss) of Shareholders Capital Investment | 22,706 | 11,447 | 98.357 | ||
| Net Profit (Loss) before Zakat | 108,474 | 76,426 | 41.933 | ||
| Total Comprehensive Income | 119,912 | 46,462 | 158.086 | ||
| Total Share Holders Equity (after Deducting Minority Equity) | 709,812 | 589,882 | 20.331 | ||
| Perpetrating Expenses (First Operation Year) | - | - | - | ||
| Profit (Loss) per Share | 1.73 | 1.18 | |||
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Explanation |
|---|---|
| Increase (Decrease) in Net Profit for Current Year Compared to Last Year is Attributed to | No English translation, kindly refer to the Arabic version |
| Basis of the External Auditor's Opinion | Unmodified opinion |
| Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion | No English translation, kindly refer to the Arabic version |
| Reclassification of Comparison Items | No English translation, kindly refer to the Arabic version |
| Additional Information | No English translation, kindly refer to the Arabic version |
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