Wataniya Insurance Company reported earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported that net profit before zakat was SAR 20,134 compared to a net loss before zakat of SAR 14,940 for the same quarter ended December 31, 2015. Net written premiums for the fourth quarter ended December 31, 2016 were SAR 30,375,000 compared to SAR 27,472,000 for the same quarter ended December 31, 2015. The company net profit in the fourth quarter of 2016 as compared to the net loss in the previous period of 2015 was due to decrease in the net claims incurred. For the full year, the company reported net profit before zakat for the year ended December 31, 2016 was SAR 38,745,000 or SAR 2.17 earnings per share, compared to a net loss before zakat of SAR 10,862,000 or SAR 0.67 loss per share, for the year ended December 31, 2015. Net written premiums for the year ended December 31, 2016 were SAR 253,622,000 compared to SAR 234,345,000 for the year ended December 31, 2015. The company net profit for the twelve months of 2016 as compared to the net loss in the previous period of 2015 was due to decrease in the net claims incurred and increase in the net earned premium.