Saudi insurers have a chance to improve results
Saturday, 07 14 2018, Category: Insurance and Reinsurance, Country: Saudi Arabia
The results of Saudi insurance companies did not meet the expectations of investors for the first quarter of the current year. However, the economic growth witnessed in Saudi Arabia during the first three months of this year will likely improve the results of insurers during the second quarter of year 2018.
According to the announced results the listed insurance companies achieved profits of SAR 47.5 billion (USD 12.6 million) during the first quarter of year 2018 as 14 companies increased their profits whereas 19 other insurers suffered from decreases in profits.
Source: Asharq Al Awsat newspaper