Allianz SF profits decline by 94.2% during Q2 to 600 thousand riyals

Allianz Saudi Fransi Cooperative Insurance Company revealed a decline in net profit after Zakat attributable to shareholders during the second quarter to 600 thousand riyals compared to 10.4 million riyals in the same quarter of last year by 94.2%, following the announcement today of the preliminary results for the 6-month period ending on June 30, 2024.

Net profit from investment results amounted to 11.2 million riyals in the second quarter compared to 38.5 million riyals in the same quarter of the previous year, a decrease of 70.7%.

Total equity (after excluding non-controlling interests) amounted to 822.7 million riyals in the 6-month period compared to 775.8 million riyals in the same period of last year, an increase of 6%.

Earnings per share in the current period reached 0.177 riyals compared to 0.334 riyals in the same period of last year.