KSA - Bupa reports 32% profit rise in 9M 2019
Friday, 11 01 2019, Category: Insurance and Reinsurance, Country: Saudi Arabia
Bupa Arabia for Cooperative Insurance Co. reported net profit before zakat of SAR 570.6 million for the first 9 months of 2019, a jump of 31.78 percent year-on-year (YoY), driven by higher underwriting results, and lower provisions.
The insurer's net profit before zakat for Q3 2019 rose 6.4 percent YoY to SAR 260.4 million, due to higher investments.
On a sequential basis, Q3 2019 net profit increased 20.5 percent.