March 10, 2020 / 5:49 AM / 22 days ago

BRIEF-Saudi's Malath Cooperative Insurance FY Profit Rises

March 10 (Reuters) - MALATH COOPERATIVE INSURANCE COMPANY :

* FY NET PROFIT OF SHAREHOLDERS CAPITAL INVESTMENT 12 MILLION RIYALS VERSUS 6.5 MILLION RIYALS YEAR AGO

* FY NET PROFIT BEFORE ZAKAT 18.4 MILLION RIYALS VERSUS 15.6 MILLION RIYALS YEAR AGO

* FY GROSS WRITTEN PREMIUMS 835.2 MILLION RIYALS VERSUS 729.1 MILLION RIYALS YEAR AGO

* FY SAW INCREASE OF GWP OF MOTOR INSURANCE BY 11%

* ACCUMULATED LOSSES AT END OF 2019 DECREASED BY 10.9% Source text for Eikon: Further company coverage:

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