Riyadh – Mubasher: Allianz Saudi Fransi Cooperative Insurance Company generated net profits before Zakat worth SAR 28.03 million in 2022, a 70.06% year-on-year (YoY) hike from SAR 16.48 million.

Earnings per share (EPS) stood at SAR 0.33 last year, versus SAR 0.09 during the January-December 2021 period, according to the annual income statements.

The net written premiums (NWP) grew by 13.72% to SAR 515.55 million in 2022 from SAR 453.35 million a year earlier, while the incurred claims surged by 16.04% to SAR 367.60 million from SAR 316.79 million.

In the first half (H1) of 2022, the Saudi firm registered SAR 10.11 million in net profit before Zakat, an annual rise of 12.53% from SAR 8.98 million.   

Furthermore, the EPS went up to SAR 0.07 in H1-22 from EGP 0.06 in H1-21.