United Cooperative Assurance, based in Saudi Arabia, said on Thursday that its accumulated losses dropped to SAR 156.91 million, or 56 percent of its capital, after it reported a net profit of SAR 3.3 million for February.
At the end of last year, the bourse-listed insurer said it had accumulated SAR 160.50 million in losses, representing 57.3 percent of its capital.
|
Accumulated Losses |
|
|
February |
Period |
|
280.00 |
Capital (SAR mln) |
|
(156.91) |
Accumulated losses (SAR mln) |
|
56.00% |
Accumulated losses % |
|
Company’s Profit (January-February) |
|
|
February |
Period |
|
3.6 |
Net profit (SAR mln) |
|
28 |
Number of shares (mln) |
|
0.13 |
EPS (SAR) |
|
Insurance Operations |
|
|
February |
Period |
|
250.6 |
Gross written premiums (SAR mln) |
|
187.6 |
Net written premiums (SAR mln) |
|
84.5 |
Net incurred claims (SAR mln) |
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