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Amana Cooperative Qtrly Loss 25 Million Riyals

By Reuters News

Nov 5 (Reuters) - AMANA COOPERATIVE INSURANCE 8310.SE:

  • QTRLY NET LOSS ATTRIBUTABLE 25 MILLION RIYALS

  • QTRLY INSURANCE REVENUE 91.4 MILLION RIYALS

  • QUARTER SAW DECREASE IN GROSS WRITTEN PREMIUMS (GWP)

  • QUARTER SAW LOWER NEW BUSINESS VOLUMES

  • QUARTER SAW INCREASE OF SAR 1.1 MILLION IN THE PREMIUM RECEIVABLES PROVISION

  • QUARTER SAW HIGHER EXPECTED CREDIT LOSS (ECL) ALLOWANCE

  • QUARTER SAW DECREASE IN INSURANCE SERVICE RESULT

  • QUARTER SAW HIGHER GROSS INCURRED CLAIMS

  • QUARTER SAW HIGHER DIRECTLY ATTRIBUTABLE EXPENSES

  • QUARTER SAW DECREASE IN NET INVESTMENT INCOME

  • QUARTER SAW INCREASE IN OTHER OPERATING EXPENSES

  • QUARTER SAW HIGHER NON-ATTRIBUTABLE OPERATING COSTS

  • QUARTER SAW INCREASE IN THE ZAKAT AND INCOME TAX CHARGE

Further company coverage: 8310.SE

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