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Earnings per share went up to SAR 0.42 at the end of September 2021 from SAR 0.31 in the same period a year ago, according to the interim financial results on Sunday.
During the third quarter (Q3) of 2021, Saudi Re posted a YoY decline of 27.5% in net profits to SAR 11.42 million from SAR 15.75 million.
On a quarterly basis, the net profits in Q3-21 were 32% lower than SAR 16.89 million in Q2-21.
Saudi Re attributed the annual decrease in Q3-21 profits to higher incurred claims by 32% to stand at SAR 165.4 million.
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