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FINANCIAL NEWS
SNIC gross premium up 23 percent in H1
19 Aug 2014
(MENAFN) Bahrain-based Saudi National Insurance Company (SNIC) posted an increase of 23 percent in gross premium for the January-June period, reaching USD29.70 million compared to USD24.1 million in 2013, Gulf Daily News reported.
The company’s net premium rose by 27 percent, amounting to USD3.69 million in the cited period compared to USD2.89 million in the same period last year.
Meanwhile, SNIC net profit hit USD917.38 thousands in the first half of the year compared to USD318.97 thousands in the same period in 2013.
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