March 23, 2020 / 5:58 AM / 9 days ago

BRIEF-Saudi's Gulf General Cooperative Insurance FY Pre-Zakat Loss Narrows

March 23 (Reuters) - GULF GENERAL COOPERATIVE INSURANCE COMPANY:

* FY NET PROFIT OF SHAREHOLDERS CAPITAL INVESTMENT 8.3 MILLION RIYALS VERSUS 6.5 MILLION RIYALS YEAR AGO

* FY SAW GROWTH IN NET EARNED PREMIUM BY 25%

* FY NET LOSS BEFORE ZAKAT 3.8 MILLION RIYALS VERSUS LOSS OF 28.9 MILLION RIYALS YEAR AGO

* FY SAW IMPROVEMENT IN PERFORMANCE OF INSURANCE PORTFOLIO

* FY GROSS WRITTEN PREMIUMS 279.7 MILLION RIYALS VERSUS 264.7 MILLION RIYALS YEAR AGO

* FY SAW REDUCTION IN GENERAL AND ADMINISTRATION EXPENSES BY 1%

* FY SAW ENHANCEMENT IN INVESTMENTS PORTFOLIO RETURNS BY 27.15% Source text for Eikon: Further company coverage:

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