Al-Ahlia for Cooperative Insurance Company reported earnings results for the third quarter and nine months ended September 2014. For the quarter, net loss before zakat was SAR 31.95 million from SAR 39,000 for the year-earlier period due to increased net incurred claims. Net profit of policy holders investment fell 24% on the year to SAR 66,000. Net profit of shareholders capital investment widened 200% to SAR 213,000. Net written premiums shrunk to SAR 47.26 million from SAR 57.2 million.

For the nine months, the company posted a net loss before zakat of about SAR 32 million, compared to a profit of SAR 830,000 for the year-earlier period. Loss per share stood at SAR 1.56 versus earnings per share (EPS) of SAR 0.05 a year ago.