Saudi United Cooperative Insurance Company Reports Earnings Results for the Fourth Quarter and Year Ended December 31, 2015
January 22, 2016 at 03:49 pm
Saudi United Cooperative Insurance Company has reported that net profit before zakat for the fourth quarter ended December 31, 2015 was SAR 11.69 million, compared to a net loss before zakat of SAR 8.99 million for the same quarter ended December 31, 2014. Net written premiums for the fourth quarter ended December 31, 2015 were SAR 108.33 million, compared to SAR 84.87 million for the same quarter ended December 31, 2014.
Net loss before zakat for the year ended December 31, 2015 was SAR 56.26 million, compared to a net profit before zakat of SAR 4.84 million for the year ended December 31, 2014. Net written premiums for the year ended December 31, 2015 were SAR 539.35 million, compared to SAR 335.03 million for the year ended December 31, 2014.