Riyadh – Mubasher: Bupa Arabia for Cooperative Insurance Company logged net profits before Zakat of SAR 509.02 million during the first half (H1) of 2021, down 10.5% from SAR 568.71 million in H1-20.
Earnings per share stood at SAR 3.58 in H1-21, lower than SAR 4.08 in H1-20, according to a bourse disclosure on Thursday.
Net written premiums increased by 1.6% to SAR 5.78 billion in the first six months of 2021 from SAR 5.68 billion in the same period last year. Net incurred claims also rose by 1.7% to SAR 4.19 billion from SAR 4.11 billion.
In the second quarter (Q2) of 2021, the insurance firm posted a plunge of 24.7% in net profits to SAR 333.61 million from SAR 443.05 million.
