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Saudi insurers post mixed H1 profits; MEDGULF posts losses of $35m

RIYADH: Major Saudi-listed insurers reported mixed earnings for the first half of the year in their announcements on Sunday, according to a report by the Saudi Stock Exchange. The Mediterranean and Gulf Insurance and Reinsurance Co. disclosed that it turned into losses of SR131 million ($35 million) during the first half of 2022. Also known as MEDGULF blamed the losses on an

Saudi insurers report improved first-half profits on lower claims

RIYADH: Major Saudi-listed insurers released first-half earnings results on Wednesday, with three reporting improved profits due to lower claims. Alinma Tokio Marine Co. turned in a profit of SR2.4 million ($639,339) in the first half of 2022, erasing over SR3.2 million in losses from the first half of 2021, according to a bourse filing. Saudi Enaya Cooperative Insurance Co.

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