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FinancialNews
19-03-20
Aljazira Takaful Taawuni Co. reports net profit of SAR 37.8 million before Zakat, income tax
(MENAFN) A net income was reported by Aljazira Takaful Taawuni Co. before Zakat and income tax of SAR 37.8 million for the financial year 2019 which is a rise of 19 percent yearly.
The higher income was led by higher net underwriting profit and net earned payments.
An increase in gross written premiums, net written premiums and investment also sustained the insurer's yearly figures.
In comparison with SAR 27.10 million in 2018, Aljazira Takaful Taawuni Co. made a surplus from insurance operations less investment profits of policyholders of SAR 32.12 million in 2019.
In the fourth quarter of 2019, before Zakat, Aljazira Takaful's net income grew by 9 percent yearly to SAR 11.1 million.
MENAFN1903202000450000ID1099879884
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