March 17, 2020 / 6:31 AM / in 17 days

BRIEF-Saudi's Walaa Cooperative Insurance FY Pre-Zakat Profit Falls

March 17 (Reuters) - WALAA COOPERATIVE INSURANCE COMPANY :

* FY NET PROFIT BEFORE ZAKAT 23.2 MILLION RIYALS VERSUS 100.4 MILLION RIYALS YEAR AGO

* FY NET PROFIT OF SHAREHOLDERS CAPITAL INVESTMENT 16.4 MILLION RIYALS VERSUS 4.5 MILLION RIYALS YEAR AGO

* FY GROSS WRITTEN PREMIUMS 1.22 BILLION RIYALS VERSUS 1.10 BILLION RIYALS YEAR AGO

* FY SAW DECREASE IN NET EARNED PREMIUMS BY SAR 85.46 MILLION 10.70%

* FY SAW DECREASE IN REINSURANCE COMMISSION BY SAR 4.23 MILLION 14.81%

* FY SAW INCREASE IN NET CLAIMS AND OTHER BENEFITS INCURRED BY SAR 80.76 MILLION 16.82%

* FY SAW INCREASE IN OTHER UNDERWRITING EXPENSES BY SAR 12.99 MILLION 134.19% Source text for Eikon: Further company coverage:

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