The financial statements of AXA Cooperative Insurance showed an increase in the company's profits in the first half of this year by 22.7% compared to the same period last year.
According to the company's results for the Saudi market (Tadawul) today, Wednesday, the profits for the period amounted to 70.305 million riyals, compared to the profits of the first half of last year amounting to 57.304 million riyals.
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The company said that the increase in profits during the comparison periods is due to the improvement in the company's insurance results, which increased from 36.135 million riyals in the previous period to 48.925 million riyals in the current period.
The company clarified that this increase is mainly due to the improvement in the percentage of losses in the sectors of engines, property and accidents, in addition to the increase in investment returns by 1.731 million riyals (for holders of documents and shareholders. ) With the current period compared to the same period of the previous year.
The company achieved profits of 34.994 million riyals in the second quarter of this year, compared to profits of 30.471 million riyals for the same period of 2019, an increase of 14.8%.
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(Amazon Fun Knowledge)
